WASHINGTON, DC—Last week the Basel Committee on BankingSupervision published its long-awaited rule change for thenew capital requirements under its updated FundamentalReview of the Trading Book framework.
The rule has wide applicability across many assets, but ofgreatest concern for the commercial real estate industry has beenits potential impact on secondary market-makers' trading books,which could affect the CMBS market.
The good news: the requirements are not as onerousas JPMorgan Chase had reported they might be lastyear, which in some cases went as high as419%.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
