Despite years of attempts, complete convergence on lease accounting has ultimately failed to materialise, as the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) prepare for their final meeting on lease accounting next month.
The US Equipment Leasing and Finance Association (ELFA) has introduced an online course in financial statement analysis, aimed at helping leasing industry professionals make “informed credit decisions”.
Kingsway Asset Finance, a UK asset finance firm, has recently secured £3m in funding from UK banking group RBS, shortly following the company’s victory against Barclays Capital during an FCA investigation into mis-selling of interest rate hedging products (IHRPs).
Total equipment leasing transactions in Japan totalled ¥5,239bn (37.83bn) in 2013, a 7.5% increase on 2012 figures, according to the Japanese Leasing Association (JLA). However, a sharp fall in consumer confidence following a consumption tax hike in April might have caused more recent leasing figures to plummet.