Regulators warn of hidden vulnerabilities in $12tn commercial property market
Financial Stability Board flags high debt, liquidity mismatches and lack of data on banks’ exposure
Financial Stability Board flags high debt, liquidity mismatches and lack of data on banks’ exposure

Policymakers and banking industry should push for convergence on rules

For some observers, the rapid rise of this asset class invites unsettling historical comparisons

Rising public debt is one concern — another is how it is being financed

Warning that banks may find it difficult to manage risks comes a day after HSBC disclosed $400mn hit

Combination of record government debt and rising borrowing costs puts central banks under pressure

As investors seek to retrieve their money, the $22tn industry rejects comparisons with 2008. Regulators aren’t so sure