Industry group slams EBA’s proposed ‘shadow bank’ rules

European Banking Authority (EBA) guidelines have come under fire from the property industry, fearful they could limit how much banks could lend to real estate funds. In a joint statement issued by a number of European property associations, including The British Property Federation (BPF) and the Commercial Real Estate Finance Council (CREFC) Europe, they said the draft guidelines would classify alternative investment funds, including real estate funds, as shadow banks and subject them to lending limits.