Risk Management 2008
January/February
2008 Outlook of What Manufacturing CFOs Expect
By Joyce White
The following article explores the results of the 10th annual survey of mid- and large-sized U.S. manufacturing company CFOs commissioned by Bank of America Business Capital. Not surprisingly, CFOs are most concerned about the impact the deteriorating housing market and oil prices will have on the economy in 2008.
Equipment Leasing & Finance Foundation
Groundbreaking Study Finds Equipment Finance Market is Significant Contributor in U.S. Economy
By ELFF Staff
Released on December 18, 2007, the U.S. Equipment Finance Market Study, commissioned by the Equipment Leasing & Finance Foundation and conducted by Global Insight, Inc., underscores the equipment finance sector’s role in the U.S. economy. What follows is a summary of the study’s key findings.
Measuring & Pricing Credit Risk in Leasing Portfolios
By Robert F. Cunningham
For many years, bank regulators have been developing and refining the regulatory regime to ensure the safety of the global financial markets against shocks and event risk. Bank capital regulation and the consequent market reaction to the new regulatory measures are creating an environment with increasing motivation to adopt and apply sophisticated quantitative risk management tools.
Amid Economic Turbulence, Asset Managers Keep an Even Keel
By Christopher Moraff
For all the upheaval in the wider economy, leasing analysts say not much has changed in the equipment finance sector. For asset managers, that means another year of intense competition, margin compression and increased residual assumptions as they do whatever it takes to “even the keel.”
Trade-In Credits: Are You Getting the Most Out of Your Lease Disposals?
By Larry Fee
This article discusses trade-in credits available in the states of Illinois and Texas. These states have a lot of leasing activities within their borders, as well as unusually generous provisions for trade-ins. Both states’ statutes are a bit complex, so the provisions of each state’s framework will be reviewed in detail.
Warner ‘Takes the Reins’ at Key Equipment Finance
A Conversation With Adam Warner, President
By Stuart P. Papavassiliou
How does an executive take the reins at a well functioning and highly structured global equipment finance company and bring it to the next level? Recently, the Monitor sat down with Adam Warner, president at Key Equipment Finance, to discuss his pathway to success, his vision for the organization as well as his thoughts on the industry. Thoughtful in offering his view on various issues, he nonetheless had a great deal to say…
Collections Professionals See Rise in Delinquencies, But Stop Short of Crying Recession
By Amanda L. Gutshall
With the current uncertainty about the economy and where it’s going in the near future, we look to collection companies to see if there is an obvious rise in defaults and repossessions. And although in some cases there are, participants in the Monitor’s Collections Roundtable are still playing a game of “wait and see.”
Anatomy of a Sting: Agents to Close Books on Months-Long Fraud Investigation
By Christopher Moraff
Capping a drama that reads more like a Hollywood script than a case of white-collar crime, federal agents in California closed a months-long undercover operation in November, pulling the lid off what prosecutors say was a nationwide lease-fraud racket.
The Risks and Rewards of Healthcare Leasing
Weighing the Pros & Cons
By Martin E. Zimmerman
If you’re thinking of entering the healthcare leasing market, you might want to talk to a doctor first. This market is not for the faint of heart. All kidding aside, any doctor will tell you that the financial rewards are not what they once were. You won’t find any easy money in the medical field.
Is Switching Job Search Focus Absolutely Necessary to Survive in Commercial Finance?
By Michael A. Toglia
When following your eventual career path, is it a good or bad thing to “change lanes” every five years either within or outside your company? Molloy Associates’ Mike Toglia discusses the pros and cons of being an “A” player while not losing your own career goals in the process.
Business Intelligence for Finance Company Executives
By Joseph N. Lane
With the advent of a new generation of regulation, and pressure by ever-intensifying global competition, finance company executives are making greater demands of the information they receive from their line operations.
Second Circuit: When Debt is Non-Dischargeable in Backruptcy
By Lesley Anne Hawes
The influential Second Circuit Court of Appeals has become the latest federal circuit court to add its voice to the interpretation of a key provision upon which creditors can seek a determination that a debt is non-dischargeable in bankruptcy.
Relevant Issues Relating to Inventory Financing
By Kenneth P. Weinberg
The last installment discussed the possibility of a lessor of vehicles being unable to rely on a lien notation on the Certificate of Title for purposes of perfection. This article continues this theme by discussing other issues related to inventory financing.
