RICS successful in Brussels campaign
RICS successful in Brussels campaign
- 2004
- RICS Press Release (pr074) 3 August 2004 (1) .
RICS has persuaded the European Commission to adopt the RICS definition of market value as standard across the EU. The draft directive on Capital Adequacy is part of the EU's drive to ensure sound risk management across the 25 member union's banking sector. It also includes a requirement for banks to revalue commercial real estate every year. http://www.rics.org/ricscms/bin/show?class=PressRe lease&template=/includes/showpr.html&id=1215&facul ty=RICS#
MARKET VALUE
RISK MANAGEMENT
COMMERCIAL PROPERTY MARKET
VALUATION METHODOLOGY
RICS has persuaded the European Commission to adopt the RICS definition of market value as standard across the EU. The draft directive on Capital Adequacy is part of the EU's drive to ensure sound risk management across the 25 member union's banking sector. It also includes a requirement for banks to revalue commercial real estate every year. http://www.rics.org/ricscms/bin/show?class=PressRe lease&template=/includes/showpr.html&id=1215&facul ty=RICS#
MARKET VALUE
RISK MANAGEMENT
COMMERCIAL PROPERTY MARKET
VALUATION METHODOLOGY