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Last year’s banking woes showed regulators and central banks have the instruments to forestall a systemic disaster and could be quick to behave if situations worsen, said Mohit Kumar, chief economist, Europe, for Jefferies. Analysts have for months warned that CRE-tied debtors are at threat of defaulting on loans because of excessive rates of interest and low occupancies. In January 2023, six of the seven states endorsed a plan for using evaporation accounting as a means to share the cuts extra evenly over the subsequent few years while the brand new, long-term rules are being negotiated. California opposed that plan,… 
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