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December 24, 2012
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Daily news for the equipment finance sector

  Industry News 
  • Equipment makers' prospects in China are still bright
    Equipment manufacturers such as Caterpillar and Komatsu have been hurt by China's slowdown in infrastructure development and overall growth. However, the country is expected to post 8% growth in 2013 and its long-term needs will require more development and construction equipment. The Motley Fool (12/22) LinkedInFacebookTwitterEmail this Story
  • Trends in small-business lending during 2012
    The volume of U.S. Small Business Administration loans made during 2012 was the second-highest on record, after 2011. Also this past year, banks and small businesses increasingly relied on Internet technology for loan applications, and more businesses looked to alternative lenders for financing, writes Rohit Arora, CEO of Biz2Credit. Fox Business Small Business Center (12/18) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • ETFs see influx as bonds' allure begins to fade
    Easing some fears of a bond bubble, global investors last week began shifting their money to stock exchange-traded funds, bearing the greater risk to pursue higher returns, according to fund-tracking firm EPFR Global. The move nonetheless closes out a strong year for U.S. bonds as investors sought refuge in uncertain times. Reuters (12/21) LinkedInFacebookTwitterEmail this Story
  • IPO applicants start getting background checks in China
    China has begun investigating applicants for initial public offerings, including the credibility of their financial statements, according to the official China Securities Journal. The China Securities Regulatory Commission will disqualify any company that fails to meet its requirements, the newspaper reported. Reuters (12/23) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • CFTC delays derivatives rules for foreign banks
    The Commodity Futures Trading Commission has given foreign banks until mid-July to comply with derivative trading rules. "The relief period provides time for the Commission to work with foreign regulators as they implement comparable requirements," CFTC Chairman Gary Gensler said. CFTC.gov (12/21), Bloomberg (12/22), Reuters (12/21) LinkedInFacebookTwitterEmail this Story
  • FASB proposal would cause banks to set aside higher reserves
    The Financial Accounting Standards Board has proposed a rule for accounting for credit losses that would result in banks, financial firms and companies that offer financing having to increase their loan-loss reserves as much as 50% and recognize losses from nonperforming loans faster. The rule would call for them to estimate expected credit losses and set aside reserves based on those projections. The Center for Financial Research and Analysis said in a research note that the model could give companies more discretion in determining loan losses and "create a powerful earnings management tool." The Wall Street Journal/CFO Journal (tiered subscription model) (12/21), Accounting Today (12/20) LinkedInFacebookTwitterEmail this Story
  ELFA News 
  • Make sure your website is included in your company profile in the ELFA Member Directory
    All ELFA members are encouraged to review their company and individual profiles in the ELFA Member Directory. This is the place to showcase your company’s expertise and to make a first impression for others looking to do business. It is especially important that your company profile includes your website address, so that users searching the member directory on the ELFA website or on the new Equipment Finance Advantage website can easily connect with you. Please note: Only the key contact at each member company may update their company profile. Questions? Contact membership@elfaonline.org. LinkedInFacebookTwitterEmail this Story
  • New jobs from the ELFA Career Center
    Industry pros say hiring and compensation are gaining ground in the equipment finance industry, and the number of jobs posted on the ELFA Career Center has doubled this year. Check out the latest jobs from the ELFA Career Center, including:
    • Sales Manager
    • Account Executive
    • Pre-Sales Consultant
    • Business Intelligence Report Developer
    • Senior Business Analyst/Project Manager
    • Business Analyst
    • U.S./Federal Leasing Program Account Manager

    Employers: Reach target candidates easily and effectively. Post your job today! LinkedInFacebookTwitterEmail this Story
Learn more about ELFA ->ELFA Home | Events and Training | Research | Store | Twitter | Facebook

  Editor's Note 
  • SmartBrief will not publish Tuesday
    In observance of Christmas, SmartBrief will not publish Tuesday. Publication will resume Wednesday. Enjoy the holiday! LinkedInFacebookTwitterEmail this Story
  SmartQuote 
In seed time learn, in harvest teach, in winter enjoy."
--William Blake,
British poet and painter


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