The hot topic at a top real estate event in Miami this week will roll off the tongue with ease - risk retention rules. The new regulations came into effect last month and hold the key to the size and future of commercial property financing via the bond market. Bankers spent much of last year grappling with the rules, which became effective on December 24 and require players with a stake in new securitisations to keep skin in the game - but there are still several unknowns that need to be figured out.
展开▼
