UK markets watchdog expects more property fund suspensions

LONDON (Reuters) - Britain's markets watchdog said on Wednesday it expects more property funds to suspend themselves due to fallout from the coronavirus epidemic on markets.The Financial Conduct Authority said some valuer have determined there is currently material uncertainty over the value of commercial real estate (CRE). Several funds have already suspended themselves in the past two days."In such situations, a fair and reasonable valuation of CRE funds cannot be established. As a result,..