Financial Services Financial Services

US mega-banks at early stage of managing insurance risks for commercial real estate, Barr says

Michael Barr, the US Federal Reserve’s vice chair for supervision, said that the largest US banks are at an early stage of understanding and measuring the property insurance risks for commercial real estate loans, due to data gaps faced by the firms.
The six banks had a wide variation in

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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