CHP Consulting, the developer of ALFA Systems, the definitive platform for asset finance, has published a specialist whitepaper evaluating the effects of Basel III on the leasing industry.
Available from the CHP Consulting website, Basel III: Implications for Asset Finance explains the key changes brought about by the new global regulatory standard, its background, structure and practical impact on asset finance businesses and their IT systems.
Andrew Denton, CHP Consulting’s Chief Operations Officer, said: “Under Basel III, banks will need to operate from a more stable platform, and this will require major changes to the way they do asset finance. In our paper we also explain the knock-on effects on financiers not covered by Basel III, and highlight the opportunities that can be seized by those who are ready for the changes.
“Delivering the best systems, implementation projects and consultancy is about a deep engagement in all aspects of our industry. That’s why we continue to conduct original research and issue thought leadership papers like this; we want to give our clients the knowledge and flexibility to adapt to change when the time comes.”
In October 2011, CHP conducted an industry webinar entitled How Basel III will affect the asset finance industry. The online debate featured over 400 participants and was chaired by IAA Chairman Derek Soper. Intended to provide greater future protection from the issues seen in the recent global financial crisis, the third Basel accord is scheduled to be implemented between 2013 and 2019.
Download a copy of the whitepaper: click here
About CHP Consulting
CHP Consulting has been delivering systems and consultancy services to the global leasing and asset finance industry since 1990. Our best practice methodologies and specialised knowledge of asset finance mean that we deliver the largest system implementations and most complex business change projects. With a 100% delivery record over our 20 years in the industry, CHP’s track record is unrivalled. ALFA Systems, our class-leading software solution, is used by many of the world’s top leasing and asset finance companies for full-lifecycle management of portfolios, ranging from the most complex structured loans to high-volume flow transactions. ALFA is a fully scalable, enterprise-wide solution that provides end-to-end integration and workflow automation. Setting a new standard for operational excellence, ALFA makes next-generation technologies available today; with an intuitive, highly customisable web-based user interface, easy deployment and transactional transparency. CHP has offices in London, Boston and Sydney. For more information, visit chpconsulting.com.