BIS Review 130/2010  9  Since the peak in early 2009, commercial property lending has decreased by about 10 per cent. Foreign banks have led the contraction, reducing their exposures by a cumulative 35 per cent since the peak. Loan limits have fallen more than outstandings, so that usage of lending facilities has increased to about 90 per cent.
Traditional accounting standards have not kept pace with the riskmanagement tools employed by sophisticated corporations. Thus, more meaningful disclosure of firms’ risk-management positions and strategies is crucial for improving corporate transparency for market participants.