10.07.2009 - U.S. banks must mind commercial real estate book: Fed
From Reuters: Many U.S. banks should strengthen their appraisals and stress tests for their holdings of commercial real estate, a Federal Reserve bank examiner told a congressional panel on Thursday. "Some banks need to improve their understanding of how concentrations -- both single-name and sectoral/geographical concentrations -- can impact capital levels during shocks," Jon Greenlee, the associate chief of the Fed's banking supervision division, said in testimony prepared for delivery to the congressional Joint Economic Committee.........Full Article: Source
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