Europe27 Jul 2016
Europe Asset Finance Survey 2016
These are indeed interesting times to be in business.
Of course, all the talk at present is of the UK referendum and the vote to leave the EU.
The Brexit vote has undoubtedly sent a shiver through the markets, not just in Europe but around the globe, as markets famously do not like uncertainty. However and whenever it happens, Brexit will inevitably cause headaches.
The most immediate fear is that consumer confidence will take a hit and investment decisions, already on hold prior to the referendum, will remain in check in much of Europe.
But there will also be opportunities – an early one being that the fall in sterling following the vote should help UK exporters. SMEs in the UK may benefit from Brexit as they are users of asset finance that have been disproportionately affected by EU Directives.
In these unstable times, businesses need to be flexible in order to be able to cope with what could be a fast-changing environment, whilst also recognising the importance of having a longer-term perspective. A new spirit of cross-border This is the first industry report to provide the views of leading European lessors on what they consider to be the impact of the UK decision and its significance for European asset finance and leasing collaboration between asset finance providers may result.