RICS objects to bank valuation standard
Series: Property Week ; 68(30) 1 August 2003, 14(1)Publication details: 2003Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3930-21 (Browse shelf(Opens below)) | 1 | Available | 123208-1001 |
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.