Thursday, February 3, 2011

COP Hearing on Commercial Real Estate and Banks

The Congressional Oversight Panel will be holding a hearing tomorrow, February 4th at 10:00 a.m. in room 538 of the Dirksen Senate Office Building to "examine the current state of the commercial real estate market and its implications for bank stability and returns to the Troubled Asset Relief Program."  Since, as I mentioned yesterday, I am writing a paper on this very topic, I am abnormally interested in this hearing.  The witnesses will be:

            Sandra Thompson, Director, Division of Supervision and Consumer Protection, Federal Deposit Insurance Corporation

Patrick Parkinson, Director, Division of Banking Supervision and Regulation, Board of Governors of the Federal Reserve

David Wilson, Deputy Comptroller for Credit and Market Risk, Office of the Comptroller of the Currency

            Matthew Anderson, Managing Director, Foresight Analytics

Richard Parkus, Executive Director, Morgan Stanley Research

Jamie Woodwell, Vice President of Commercial Real Estate Research, Mortgage Bankers Association

The COP held a similar hearing in May 2009 and issued a very thorough report last February which I have found very useful in my research and as a teaching tool.

The COP hearing will be webcast live on the website or you can wait a few months and read the report.

Tanya Marsh

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