(Bloomberg) -- At some of the world’s biggest banks, loans to commercial real estate face new litmus tests that promise to shape the sector’s access to...
-- At some of the world’s biggest banks, loans to commercial real estate face new litmus tests that promise to shape the sector’s access to financing.Trump Is Guilty on All Counts in Hush-Money Case. Now What?
And European initiatives to help tackle the issue are “coming much slower than anybody would have expected,” Isaiu said. Santander, Spain’s biggest bank, started analyzing the emissions risk of its CRE assets last year, and is still figuring out how it might go about decarbonizing the portfolio, a spokesperson told Bloomberg. The bank has yet to make its conclusions public.
BNP says it’s also looking at its portfolio of residential real estate loans, but has stopped short of setting explicit targets for financed emissions due to the sheer complexity of the area. That complexity is in large part driven by the myriad of differing national regulations across EU member states.
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