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International Contact
AELA's involvement with the various national and regional lease industry associations enable a greater appreciation of emerging lease market and regulatory trends. During the year in support of this objective, contact was maintained with the Equipment Leasing and Finance Association of America, the Finance and Leasing Association of the United Kingdom, the Canadian Finance and Leasing Association, Leaseurope, Felalease (for South America) and Asian Leasing and Finance Association, as well as with other banking and finance sector bodies. During the year a focus for regular discussions has been the proposals by various accounting standard bodies to develop a new approach to accounting for leases (see earlier discussion on this item).
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