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Federal Reserve Bank of Philadelphia
Banking Trends
Banking Trends: Skin in the Game in the CMBS Market
James DiSalvo
Ryan Johnston

Issuers of commercial mortgage-backed securities must now retain a portion on their own books. What evidence is there that the rule will reduce risky lending?

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James DiSalvo & Ryan Johnston, "Banking Trends: Skin in the Game in the CMBS Market" , Federal Reserve Bank of Philadelphia, Banking Trends, issue Q1, pages 11-17, 2018.
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Keywords: mortgages; regulation
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