Basel III Implementation
Basel III implementation must not unduly impair commercial/multifamily lending or CMBS liquidity.
Overview: In July 2013, U.S. banking regulators released the Final Basel III Regulatory Capital and Market Risk Rule, which implemented global standards developed by the Basel Committee on Banking Supervision. The final rule became effective on January 1, 2014, and many of the sections impacting commercial real estate mortgages and securities were implemented on January 1, 2015.
In addition to Basel III, the Basel Committee has ongoing work streams that, if adopted by U.S. regulators, could have impacts on commercial and multifamily real estate financing. MBA continues to work with our bank portfolio lending members and banking regulatory agencies to address the commercial and multifamily real estate financing issues that arise under these existing or proposed standards.