While several issues in the financial-services reform bill, passed by the Senate last week, are worrisome to the commercial real estate industry, its flexible risk retention provisions for commercial mortgage-backed security loans are a relief. These allow U.S. regulators to choose the best form of risk retention for commercial real estate finance. The legislation could provide a boost to the CMBS market, says Brendan Reilly, head of government relations for the Commercial Real Estate Financial Council.

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