| Daily news for the equipment finance sector |  |
| Industry News |  |  |
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- Embraer forecasts strong demand from China
Brazil's Embraer anticipates that China will purchase 15% of 61- to 120-seat aircraft by 2031. The manufacturer also expects that Chinese demand will lead to the sale of 650 business aircraft, worth $24 billion, by 2022. Reuters
(11/13)     
- Banks express concerns about Fed's Basel III plan
Financial institutions are warning that the Federal Reserve's proposal to implement Basel III rules would increase systemic risk, limit credit and hurt the industry. Community banks say Basel III will knock them out of the mortgage market. Lawmakers will hold a hearing today on the issue. Financial Times (tiered subscription model)
(11/13), The Washington Post
(11/13)
| Market Trends | | |
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- Foreign investment boosts Chinese stock market, experts say
China's yuan-denominated A-share stock market is likely to benefit from the government's encouragement of participation by foreign investors, experts say. The China Securities Regulatory Commission, the People's Bank of China and the State Administration of Foreign Exchange say the investment quota under the Renminbi Qualified Foreign Institutional Investor program will increase by $31.8 billion. Xinhuanet.com (China)
(11/14)
- U.K. inflation surprises on upside, reducing stimulus chance
U.K. consumer inflation increased more than expected last month, to an annualized 2.7%, compared with 2.2% in September, further lowering prospects that the Bank of England will consider more stimulus in the near term. Looking ahead, "utility-bill increases are on their way. We've also got the effect of the U.S. drought and increased food prices to factor in," Scotiabank economist Alan Clarke said. "I don't think we're going to get anything like the 2% inflation target." Reuters
(11/13)
| Government & Regulatory | | |
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- Small businesses fear being sold out in "fiscal cliff" talks
Lobbyists for small and midsize businesses say they fear policy that might come out of President Barack Obama's "fiscal cliff" discussions with corporate giants such as General Electric, Honeywell International and IBM. Small-business advocates are worried that executives of major corporations will press for policy that benefits their organizations but leaves smaller companies exposed to tax increases. The Washington Post
(11/13)
- Regulators examine nontraditional metrics in earnings reports
Securities regulators are targeting nontraditional metrics that companies are using in their financial reports, such as "paid membership rates," "active users" or "cumulative customers." The Securities and Exchange Commission's Division of Corporation Finance wants to make sure such metrics are clearly linked to a company's results. The SEC also is concerned about how the metrics are presented in the reports. The Wall Street Journal
(11/13)
| ELFA Member News | | |
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- Leasing unit of People's United Bank adds Krolak
Joseph Krolak has joined People's Capital and Leasing as vice president of sales for aviation finance. Krolak has been an executive at National Aircraft Finance, Webster Capital Finance, Textron Financial, Conseco Finance and Green Tree Financial. Read more.
| ELFA News | | |
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ELFA reinstates Executive Roundtable for top industry leaders
After a three-year hiatus, ELFA is bringing back its premier event for presidents, CEOs and other top leaders within equipment-leasing and -finance companies. The Executive Roundtable, scheduled March 10 to 12 at The Westin Stonebriar in Frisco, Texas, near Dallas, is designed to bring these leaders together to discuss issues of the day, strategize about the future and create lasting business relationships. Top-notch speakers and thought leaders have been invited to discuss key economic drivers affecting the industry, as well as strategies for out-thinking the competition and building a high-performance team by leading courageously. Attendance is limited to top executives from ELFA regular-member companies.
Details, including the agenda and registration information, will be available soon. To receive promotional information about this round table, e-mail Lesley Sterling at lsterling@elfaonline.org.
ELFA wishes to thank International Decision Systems, the exclusive sponsor of the Executive Roundtable.
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Access ELFA 51st Annual Convention recordings and handouts
It's nearly impossible to attend every session at the ELFA annual convention. That's the reason sessions at the 51st Annual Convention were recorded, and they are available via ELFA's Conference Resource Center. You'll also find downloadable handouts, session descriptions, speaker bios and an opportunity to rate sessions. As a special thank you, ELFA is providing attendees of the 51st Annual Convention with free, unlimited access to the Conference Resource Center.
How can attendees access materials? - Visit the Conference Resource Center.
- In the My Account box, at the top left of the home page, select the Login/Create Account link. You will be redirected to the ELFA login screen.
- Enter your ELFA username and password to log in.
- Select the Log in to the Conference Resource Center button.
- In the My Account box, select the My Handouts/Media link.
- To view available handouts, select the My Handouts tab, then select 2012 ELFA 51st Annual Convention from the Conference drop-down menu. To download a presentation, select the check box, then select the Download button. To view available recordings, select the My Media tab.
How can non-attendees access materials?
Visit the Conference Resource Center and log in with your ELFA username and password. On the home page, you'll see the Featured Events list. The ELFA 51st Annual Convention is the first event. If you select the meeting title, you'll see the Session List. You may select any Buy Now button to purchase the package.
For questions, contact Alexa Carnibella at acarnibella@elfaonline.org or (202) 238-3416.
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