000 01058cam a2200193 4500
001 WB3930-21
008 030806n2003 000 0 eng u
035 _a(Sirsi) u123208
245 _aRICS objects to bank valuation standard
260 _c2003
490 _aProperty Week
_v68(30) 1 August 2003, 14(1)
520 _aRICS 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.
590 _aWB
650 _aBANK VALUATIONS
650 _aMORTGAGE LENDING VALUE
650 _aBASEL ACCORD
690 _aPROPERTY-PROPERTY APPRAISAL AND VALUATION
942 _n0
999 _c73173
_d73173