Regulation

LIBOR has underpinned financial markets for decades. But the benchmark could be phased out in less than three years, with huge implications for real estate lenders.

Iain Balkwill, partner at law firm Reed Smith, argues that the legislative treatment of commercial mortgage-backed securities will harm the long-term growth of the product.

Industry figures at the annual Cannes gathering predicted another strong year for real estate, but acknowledged threats including Brexit and slower eurozone growth.

Property lenders must create late-cycle strategies to avoid the “profitability black hole” of previous cycles, a debt working group has urged.

Speakers at the annual CREFC forum highlighted how regulation could change lenders’ risk appetite and how technology impacts real estate debt, among other issues.

Europe-wide secondary market is seen as a key part of helping banks deal with their NPL woes.

Mike Shields, who leads ING’s European lending operation, talks with Real Estate Capital about the prospects and trends for 2018.

Although the alternative real estate lending sector has grown massively, regulation remains light.

How will the real estate lending industry deal with the phasing out of its pricing benchmark?

Solvency II regulators have shown willing to investigate high CMBS capital charges for insurers.