October 28, 2025
According to an October 22 Bloomberg article, the Federal Reserve has shared with other regulators an outline of a revised bank capital proposal, which would significantly reduce bank capital requirements originally proposed under the Biden administration.
The new proposal, which represents the Fed’s latest attempt to implement Basel updates in the U.S., would result in a 3% - 7% increase in capital requirements for most big banks.
Go deeper: The regulators are weighing an opt-out for mid-sized banks if they adhere to certain requirements.
What’s next: The article states that the Federal Reserve, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) are in general agreement regarding the contours of the proposal.
In other capital-related news, the Fed released on Friday the models and methodologies behind the bank stress tests.
Please contact Sairah Burki (sburki@crefc.org) with questions.
News Archive
We are one week out from the gubernatorial races in New Jersey and Virginia and the mayoral race in New York City.
New Jersey Governor: The Democratic nominee Mikie Sherrill holds a stable lead against GOP nominee Jack Ciattarelli, but the margin is narrow and has shrunk substantially since the summer. Recently some Democrats have been raising alarms about an enthusiasm gap for Sherrill.
Source: RealClearPolitics
Virginia Governor: The current polling average has Abigail Spanberger (D) 50% vs. Winsome Earle-Sears (R) 44%. However, the race has not been without controversy.
Why it matters: Each party will use these elections as a way to hone their strategy going into the 2026 midterms.
Please contact James Montfort with any questions at (Jmontfort@crefc.org).
The federal government shutdown continues without an end in sight. Several factors may prompt action over the next week, but neither Republicans or Democrats have shifted their positions.
What they’re saying: Rank and file Senate Republicans have been teeing up individual bills to alleviate certain shutdown impacts, e.g., paying essential federal workers, SNAP benefits, and the military. Thus far, Democrats have held firm on blocking additional legislation absent a deal.
Contact David McCarthy (dmccarthy@crefc.org) with questions.
The affairs of CRE Finance Council are managed by a Board of Governors, selected from the general membership, which meets at least two times a year. During the periods the Board is not convened, the Executive Committee has full authority to transact all CRE Finance Council business. The Executive Committee is made up of the chair, chair-elect, vice chair, secretary, treasurer, membership chair, administrative executive, as well as four additional Executive Committee members. View the CREFC By-Laws.
CREFC’s Government Relations team serves as the primary interface between the CRE Finance industry and policymakers. Through a collaborative process with our members, CREFC engages with legislators, regulators, and other policy stakeholders to advocate for policies that promote the interests of our membership and the broader industry.
View CREFC's Advocacy resources below, and get involved today!
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CREFC has teamed up with NCREIF to produce and promote the NCREIF/CREFC Open-end Debt Fund Aggregate (the “Debt Aggregate”). In short, this product will deliver a fund-level compilation of open-end debt funds providing financing to commercial and multifamily real estate borrowers/owners. The Debt Aggregate will be issued in a draft “consultation” format for at least one year, which allows time for industry feedback before it is rolled out as an official product. For questions or to get involved, contact Lisa Pendergast
Overview of Debt Fund Index (presentation slides from CREFC's September 28, 2023 Capital Markets Conference)
Watch the Video (video replay from CREFC's September 28, 2023 Capital Markets Conference)
The CRE Finance Council holds two premier conferences each year in the United States: the January Conference in Miami and the June Annual Conference in New York. Conference programming addresses the most relevant topics facing the industry, presented by recognized finance leaders.
Complementing these major conferences are After-Work Seminars, Young Professional, Women's Network, and Educational events held regularly throughout the calendar year, each of which is tailored to fit the constituencies served by CREFC.
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The mission of the Young Professionals (YP) Network is to provide a platform for junior CRE finance professionals to foster meaningful business relationships and gain relevant industry knowledge through networking events, seminars and panels.
YP programming events are developed by YPs – so the content is current and applicable in their daily work. Each YP educational event includes a networking aspect to build and foster industry relationships with both peers and seasoned industry leaders. YPs are surveyed by region for ideas for future programming to ensure educational and industry needs are met.
Additionally, there are networking only events held in a more relaxed atmosphere where YPs can mingle among their peers.
There is a discounted rate to conferences and seminars for those CREFC Members 30 years of age or younger. To sign up for the 30 and Under Program Rate join the network and ensure that you check off the box “I would like to sign up to receive the “30 and Under Program Rate”. You will be required to submit photo ID to be approved for the discounted program rate. Sign up TodayCREFC members Only
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