Newsletter articles

Leaseurope has been engaging with decision makers at the European Parliament on initiatives enabling electrification and their plans for the upcoming Alternative Fuels Infrastructure Regulation, including the important role of leasing and rental

While a prolongation would be good news, there is still a long way to go to ensure the MVBER is maintaining fair competition in the automotive aftermarket

The European Commission is currently re-evaluating the existing securitisation regulation and its prudential treatment to provide incentives in order to boost this form of financing in Europe and is also developing a European green securitisation’s market

Earlier this year, the European Commission published their highly anticipated new regulatory framework on the use of AI, covering a range of activities including self-driving cars and AI assistance for credit scoring

The revised Consumer Credit Directive (CCD) was issued in July this year and sets out major changes to how consumer credit is governed across the EU, including altering the extent to which leases are covered by the CCD

The European Commission’s plans could impact all types of data generated by leased and rented assets and Leaseurope is working to ensure that the specificities of our sector and the owner/user dynamic is taken into account, particularly for in-vehicle data

Leaseurope participated in a recent European Commission workshop presenting the findings of a TRL and fka study on a possible legal framework for vehicle data access and discussing the various options

The Financial Services Roundtable involves the European Commission, financial sector representatives like Leaseurope, and other stakeholders meeting regularly to discuss Covid-19 relief measures, best practices and recovery

As Europe slowly begins emerging from the Covid-19 crisis, recovery of the tourism sector is top of the agenda, which will have a significant impact for lessors supporting these businesses and automotive rental firms within the sector

Leaseurope tackles issues such as the enforcement of the end user status, preventing restrictions on sales channels, spare parts availability, vehicle repair and warranty rights, fair access to vehicle data and widening the scope to two-wheelers

Leaseurope is actively engaging with the European Commission on the low risk profile of leasing, advocating for them to differentiate leasing with a lower risk weight in their proposal to implement Basel IV in Europe (the upcoming CRR III)

Real estate and construction have a huge impact on energy consumption, and as a result have an important role to play in helping the EU reach its sustainability goals through their Renovation Wave initiative

The European Data Protection Board (EDPB) issued their final Guidelines on the use of data in connected vehicles and mobility related applications, setting out how personal driver data should be treated, and what safeguards should be in place

Leaseurope is calling for a revision of the Cross Border Enforcement Directive, to ensure that cross-border vehicle fines are able to be sent directly to the driver, rather than the leasing or rental firm

The International Accounting Standards Board (IASB) is proposing changes to how sale and leaseback transactions are measured under the international lease accounting standard, IFRS 16, which could increase complexity for users

A wide range of current legislative initiatives focus on ensuring EU laws are equipped to deal with the rapidly changing digital landscape across different sectors, with a core focus being the digitalisation of financial services.

The European Commission’s Sustainable and Smart Mobility Strategy sets out a vision to reach the EU’s goal of climate neutrality by 2050, including an ambitious set of objectives for transport by 2030 and numerous policy initiatives in order to achieve them.

The question of what is green and what is not has continued to dominate discussions among policy makers. This is a question the Taxonomy Regulation and its forthcoming supplementary Directives aim to answer.

As the quantity of in-vehicle data continues to increase, the European Commission is undertaking a study to assess the possible development of a legal framework for vehicle data access, following Leaseurope’s lobbying efforts

As different forms of artificial intelligence start to be seen across multiple sectors, including financial services and transport, policymakers are debating the ethical and regulatory requirements needed to protect consumers while promoting innovation

Leaseurope will speak at a virtual European Tourism Convention hosted by the European Commission together with other stakeholders, where we will be elaborating on the importance of automotive rental in the future of a sustainable, innovative and resilient European tourism ecosystem

Leaseurope participated in a series of high-level meetings between European regulators, financial sector representatives, and business and consumer organisations on Covid-19 relief measures and endorsed a set of best practices

The European Green Deal is taking centre stage for EU policymakers, and the key role to be played by lessors has never been more important

The State of the Union address by the Commission President suggested that many areas of relevance for lessors and automotive rental will be at the centre of major regulatory developments going forward

The European Commission is planning to release the new Digital Services Act at the end of 2020, with the aim of addressing remaining issues encountered with online platforms

Following widespread payment deferrals and adaptations as a result of Covid-19, the IFRS lease accounting standard has been amended to simplify the treatment of these concessions on lessees' books.

The European Commission has recognised the low risk of leasing in their recently published Banking Package 2021, which implements the Basel IV agreement in the EU amongst other things