X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

When the Senate passed its version of the financial overhaul Brendan Reilly, SVP of government relations for the Commercial Real Estate Financial Council told Globest.com he was relieved that the provisions were basically in line with what the real estate industry needed for CMBS to restart. But he couldn’t help adding that the financial legislation is only one piece to a larger recovery, with other regulatory and accounting reforms also playing a role.

Indeed, it could be said that the accounting reforms coming the industry’s way will have almost as big an impact as the financial services bill. There are several moving parts to this story – one is the push to converge global and U.S. accounting regulations, which will deliver both benefits and risks. The day of reckoning for that is a bit off – the SEC has yet to make some crucial decisions about deadlines.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.