Fleet News

CHP Consulting publishes whitepaper on Basel III

CHP Consulting, the developer of ALFA Systems, a 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.

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