SOURCE: FIABCI

December 15, 2008 18:24 ET

Sheldon Good Sponsors United Nations/FIABCI Seminar

"The Real Estate and Financial Crisis: Causes, Effects and Impacts on Development"; New York: 16 December 2008, 3:00 to 6:00 p.m., Conference Room 8 at UN Headquarters

NEW YORK, NY--(Marketwire - December 15, 2008) - The financial crisis that began in the US has snowballed to affect every global industry. Because of the growing threat to economic stability worldwide, the United Nations is taking steps to initiate dialogue within the UN not only on the financial aspects of the current crisis, but also on the real estate market as a sector.

A seminar organized by the Secretariat and the Real Estate Market Advisory Group (REM) of the United Nations Economic Commission for Europe, with the support of the International Real Estate Federation (FIABCI) will give an opportunity to Governments, representatives of United Nations agencies and Regional Commissions, non-governmental organizations and the private sector to discuss:

--  The existing and possible roles for the United Nations to provide a
    forum for addressing additional financial and real estate issues and
    advising countries on the matter, including existing good practices;
--  The need for targeted responses that governments could develop to
    limit the damage of the current financial crisis and re-establish a healthy
    real estate market, including the development of post-crisis policy
    guidelines for both the real estate and financial sectors that will promote
    stability and sustainability;
--  The characteristics that a new real estate market and credit system
    should have, including collaborative standard setting for increased
    informational transparency, limitations on the use of complex financial
    tools, better capital risk allocation models, and policies and actions to
    sustain investors' confidence and increase citizens' trust.
    

"Because ours is an international firm, we are aware of how the current financial turmoil is affecting global real estate markets," said Sheldon F. Good, Chairman Emeritus, Sheldon Good & Company; Past World President of FIABCI and United Nations (NGO) Delegate since 2006. "When the UN decided to work towards alleviating the crisis, we offered our help. And, with the support of FIABCI, we are very confident that this program will produce lasting results," he continued.

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