Marc Mogull, managing partner of Benson Elliot, has been appointed as the new chairman of the Bank of England Commercial Property Forum.
Mogull takes over from former Credit Suisse banker Ian Marcus. Like his predecessor, Mogull was one of a number of real estate experts who helped draw up the Vision For Real Estate report three years ago. The Vision calls for the radical overhaul of property lending regulations, including the establishment of a database of real estate loans.
Among the tasks facing Mogull in his chairmanship will be to help turn the Vision from theory into practice.
He said: “We have a collective responsibility to ensure that risks are well-understood, policy making well-informed, and the effects of regulation carefully thought through. My goal is to sustain the dialogue between the industry and the Bank of England that was established more than 20 years ago.”
The forum was created to bring all sides of the property industry together in the aftermath of the commercial property crash of the early 1990s.
It provides a source of market intelligence to the Bank of England by convening senior industry figures to discuss market conditions and developments and has helped inform the deliberations of the Monetary Policy Committee.
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