US real estate finance leaders are concerned the collapse of Silicon Valley Bank (SVB) will lead to new regulations on smaller or regional banks that will have a detrimental impact on lending.
In a panel session on trends in US real estate and capital markets at the MIPIM international real estate event in Cannes last week, representatives of major asset management firms and banks cautioned against regulatory action targeting banks which had fallen under the threshold for having to adhere to capital requirements brought in after the 2008 financial crisis as part of the Dodd-Frank Act.
"I hope from a policy perspective there is a recognition of the importance of some of the smaller banks to the structure of the US economy," said Bradley Weismiller, managing partner, real estate capital markets, for Brookfield Asset Management.
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