off-the-wire

G20 watchdog says commercial real estate bears 'close monitoring'

Kitco Media
By Reuters
Published:
Updated:
Reuters

LONDON, Feb 26 (Reuters) - The outlook for global financial stability remains challenging given higher interest rates have yet to be fully felt, and that exposures to commercial real estate "bear close monitoring", the G20's risk watchdog said on Monday.

"Asset valuations are also stretched in some key markets," Financial Stability Board chair Klaas Knot told G20 finance ministers and central bankers in a letter ahead of their meeting in Brazil this week.

The FSB will deliver a report in July on progress in addressing risks from non-banks such as investment funds, said Knot, who is also president of the Dutch central bank.

Reporting by Huw Jones Editing by Gareth Jones

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