White Papers for Basel II Capital Accord (Basel II)

The BASEL II Accord: What does it meanfor the North American leasing market?

EQUIPMENT LEASING AND FINANCE FOUNDATION

For most executives, the Basel Accord is a European banking initiative that is a number of years away from completion. Coupled with North American implementation reluctance, Basel II has been a topic that could safely be ignored. Well, not any more! Like an iceberg, Basel has appeared on the horizon and has steadily and quietly moved closer to its target of international financial institutions, bringing with it better credit risk measurement techniques. Like an iceberg, there is much more to Basel than first meets the eye and leasing company CEO’s must ensure that their firm is ready to take action.The Accord will affect leasing companies in North America either directly through participation, or indirectly, as the consequences of Basel II are felt globally, once launched.

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