FSA is gambling with property lending
Freeman, Peter
FSA is gambling with property lending - 2012 - Property Week 78(12) 23 March 2012, 18-20(3) .
Provides a critical analysis of the Financial Services Authority's (FSA) proposed 'slotting' approach to assessing the risk attached to property loans. This matrix concept fails to recognise the granular nature of property risk and the major contribution RICS valuations can make to the risk assessment process. Suggests tackling the valuation conundrum with alternatives to 'slotting'. Offers a 12-point key to assessing risk. More attention should be paid to responsible lending in the future and less to 'slotting'loans that have already been written.
United Kingdom
FSA is gambling with property lending - 2012 - Property Week 78(12) 23 March 2012, 18-20(3) .
Provides a critical analysis of the Financial Services Authority's (FSA) proposed 'slotting' approach to assessing the risk attached to property loans. This matrix concept fails to recognise the granular nature of property risk and the major contribution RICS valuations can make to the risk assessment process. Suggests tackling the valuation conundrum with alternatives to 'slotting'. Offers a 12-point key to assessing risk. More attention should be paid to responsible lending in the future and less to 'slotting'loans that have already been written.
United Kingdom