IFRS10 and FCR

If a property is place in the hands of a fixed charge receiver ("FCR"), would the bank have to somehow consolidate this asset on the basis that they can appoint and dismiss the FCR at their discretion (without cause) coupled with the fact that no sale can be made without their approval. 

To me, logic and substance over form means non-consolidation as the intention of placing the property in the hands of a FCR is to recover an outstanding loan; however the new IFRS 10 seems to point to consolidation on the basis of ownership and basic risks and rewards of ownership. 

IFRS10 does mention assets held in the hands of administrators, bound by national laws, not being consolidated however fixed charge receivership is different and there is effectively one creditor, being the bank.

Any suggestions?