News Release 2012-89 | June 13, 2012
Comptroller Highlights Commercial Real Estate Credit Risk
WASHINGTON—Comptroller of the Currency Thomas J. Curry discussed commercial real estate risk during remarks at the 2012 CRE Finance Council Conference in Washington, D.C.
“While there are hopeful signs that commercial real estate markets are improving, we have to be vigilant in focusing on the obstacles and challenges that remain,” Comptroller Curry said. “We at the OCC will continue to take a balanced approach in our supervision of CRE that encourages banks and thrifts to make prudent loans and work with troubled borrowers, while recognizing losses and maintaining appropriate reserves and capital.”
The complete speech is available on OCC.gov.