![Risk.net](https://fastly.stage.risk.net/sites/default/files/styles/print_logo/public/2018-09/print-logo.png?itok=1TpHrpuP)
Bankers say CRE market on safe ground – for now
Risk Live: But higher rates may threaten weaker properties
![Park Avenue, New York](/sites/default/files/styles/landscape_750_463/public/2023-04/GettyImages-508944484.jpg.webp?itok=xIxt0okB)
Commercial real estate market, hard hit by the empty offices that were left behind by the pandemic, is holding its own at the moment, bankers say. But they fear rising rates could make it difficult for some landlords to sustain repayments.
Malcolm Griggs, chief risk officer at Citizens Financial Group, said concerns about the amount of commercial real estate in banks’ portfolios were overblown.
“People get all worked up about the office exposure that banks have and I think it’s a little
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Risk management
Growing regulatory focus fuels climate risk staffing fight
Widespread poaching as banks find repurposing existing quants may not provide the right expertise
Tackling credit risk in turbulent times
Survey reveals Apac CROs’ top credit risk priorities
US climate guidance stokes debate over defining material risks
Banks welcome flexibility, but it could lead to big divergence on climate risk management
Geopolitics is harsh terrain for FMIs
Idiosyncratic nature of disputes and flare-ups leaves exchange and infrastructure operators blending metrics with guesswork
FMIs get busy, as supervisors circle
Via new roles and controls, exchanges and clearers hope to “get ahead” of regulatory wave
On cyber, FMIs seek to avoid being weapons of mass disruption
Controls focus on basic cyber hygiene, but communicating the risk remains a challenge
The top 10 investment risks for 2024
New fears include mounting government debt, the rise of AI, a credit crunch and regulatory overkill
Will generative AI crack the code for bank tech teams?
Banks could roll out tools to help translate old – or write new – code within months