RICS objects to bank valuation standard
RICS objects to bank valuation standard
- 2003
- Property Week 68(30) 1 August 2003, 14(1) .
RICS plans to submit written objections to the New Basel Capital Accord after criticising the use of mortgage-lending value. RICS supports the general aims of the revised banking standards but is concerned about basing lending decisions on mortgage-lending value and recommends the use of market value instead. Following the third round of consultation on the new proposals, the Basel Committee hopes to finalise the New Basel Capital Accord by the end of 2003. Further information available from www.bis.org/publ/bcbsca.htm. RICS at www.rics.org.
BANK VALUATIONS
MORTGAGE LENDING VALUE
BASEL ACCORD
RICS plans to submit written objections to the New Basel Capital Accord after criticising the use of mortgage-lending value. RICS supports the general aims of the revised banking standards but is concerned about basing lending decisions on mortgage-lending value and recommends the use of market value instead. Following the third round of consultation on the new proposals, the Basel Committee hopes to finalise the New Basel Capital Accord by the end of 2003. Further information available from www.bis.org/publ/bcbsca.htm. RICS at www.rics.org.
BANK VALUATIONS
MORTGAGE LENDING VALUE
BASEL ACCORD