Adding to the mountain of uncertainty for 2017 is how to interpret and implement (and…what is the fate of) the HVCRE (High Volatility Commercial Real Estate) regulations that came into effect January 1, 2015 (yup…that’s right…2 years and still no clarity) and which were implemented as part of the Basel III regulatory framework.  So what to do next? First, see the Q&A with the co-chairs of the CREFC HVCRE working group—Krystyna Blakeslee, Partner at Dechert, and Marci Schmerler, Shareholder at Carlton Fields—in the latest issue of CREFC World. And then, please don’t hesitate to contact Krystyna Blakeslee or Rick Jones to discuss HVCRE. For more background on the HVCRE regulations, see previous Crunched Credit posts here and here.