The weather in London has worked hard to signal a seasonal change over the last few days, and it certainly feels like the Q4 juggernaut is getting started. The CREFC Europe schedule is busy, as advertised last month.
On the policy front, we are keen to receive member input on our draft response to the European Commission’s consultation on the regulation of what used to be called shadow banks (here), and on our position paper on CRE debt securitisation and regulation (here).
We are still waiting for the UK regulator to publish its post-consultation proposals for the implementation of Basel III finalisation, including the provisions for valuing real estate collateral using “prudently conservative valuation criteria” (there has been silence since the Q2 2024 publication that had been promised failed to materialise).