High inflation, rising interest rates and low office space utilisation rates following the Covid-19 pandemic have dented the outlook for the commercial real estate sector.
The journey to new market reference rates is reaching its destination. While many significant milestones have been hit, there are still some lingering issues to overcome, such as “tough” legacy contracts.
Carrot or stick? That is the question that policy-makers in Brussels face as they put pen to paper on new laws that will seek to make EU clearing services more attractive and resilient.