Lewis: Concerns in Europe grow over convergence drive

04/10/2012 | REIT.com

European markets support the general principals of convergence, but there is some concern about the end result and whether the converged standards will be quality ones, says Gareth Lewis, director of finance with the European Public Real Estate Association. "[T]he more specific concerns around particular financial standards that are being developed is coming from FASB, rather than the IASB," he added. "That includes the development of the new leasing standard, investment property entities and the investment company standards."

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