Association of Business Recovery Professionals

Turnaround Management Association

Wednesday 23 June 2010

FW: UK Budget brings mixed news for leasing



 
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UK Budget brings mixed news for leasing
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by Asset Finance Europe analyst Andy Thompson

Detailed analysis of the key facts plus reactions from the FLA, BVRLA, Alta Group, and Mazars

“On balance the Budget slightly exceeded our expectations by making only a modest cut in CAs, while reducing the AIA that was not available for leasing. With a Green Paper on business finance to be published before the summer recess, there is the opportunity now for the leasing industry to show how asset finance can support economic recovery.”
Julian Rose, FLA

MORE...

canarywharf3

PLUS: Funding costs may be hit by West European Bank Levies
How leasing will be affected by an annual tax on banks' wholesale funding liabilities

"The introduction of a bank levy may force UK lenders to take a risk-averse approach and limit the level of funding available to SMEs" Edward Rimmer, Bibby Financial Services

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Denton_Andrew4CHP announces Nordic success for ALFA v5 with more wins on the way Soper_derek4 Captives Forum at cutting edge of recovery

Major roll-out of ALFA v5 now underway as CHP announces the first of a number of implementations

Membership almost at capacity as Captive Forum's importance increases


VEHICLE FINANCE

bejingcars2VR Leasing reports German auto boost

car5Fleet Synergy tackles Turkey despite challenges

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With grateful thanks to our founding and thought leader sponsors


CHP Consulting


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Vehicle Finance


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FORUM: The Fleet Industry in the Post Election Business Environment

Features "A Future for the UK Automotive Industry? – A Pragmatist’s View" a presentation by Christopher Macgowan OBE; Visiting Professor & Past Chief Executive of the Society of Motor Manufacturers & Traders

THIS WEEK'S ARTICLES:


MUST ATTEND SEMINAR about funding for your asset finance organisation

Finance & Leasing
Association

Understanding and improving the secondary market for asset finance

MUST ATTEND SEMINAR RECOMMENDED BY ASSET FINANCE EUROPE

The recent financial crisis highlighted a deficiency in the funding market for lessors worldwide which in the view of some industry experts could limit the very future of asset finance.

"The drying up of the capital markets has left a yawning gap for asset finance treasurers. Although some private equity may be available, full leverage isn’t....The asset finance industry does not have a detailed, active and widely utilised secondary funding market...[and it]...faces a limited future without one."

Understanding and improving the secondary market for asset finance is not just another nice-to-attend seminar - it is a must-attend for all lessors who have, or may face limited access to capital. This seminar has already attracted leading speakers from the UK leasing industry including:

  • George Ashworth, Head of Asset Finance, Aldermore and Vice Chairman, FLA Asset Finance Division
  • Lindsay Town, CEO, Kent Asset Solutions
  • Dilek Mackenzie, Director, Deem Solutions
  • Andrew Denton, Sales and Marketing Director, CHP Consulting
  • Martin Frank, Vice President, European Syndication, De Lage Landen Leasing Ltd
  • Andrew Maskill, Partner, Addleshaw Goddard
  • Clare Dawson, Managing Director, Loan Markets Association
  • John Bennett, Managing Director, BAL Global Finance (UK) Ltd
  • Doug Moreton, Director, Terex Financial Services
  • Jonathan Maycock, Capital Markets Leader, GE Capital UK

SPONSORED BY

CHP Consulting

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