Prudential Property Value: Our Efforts to Ensure Transparency and Consistency
IVSC
JULY 31, 2023
Drawing the conclusions from the global financial crisis, the Basel Committee on Banking Supervision (BCBS) published in December 2017 new requirements for the valuation of real estate for lending purposes in the context of the so-called ‘Standardised Credit Risk Assessment Approach’ (SCRA). It reads: The valuation must be appraised independently using prudently conservative valuation criteria.
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