Legal status of the leasing company in the financial services market

Abstract

In the world economy, leasing is the second largest investment after bank lending. That is why the emphasis on strengthening the new industry in Ukraine is important. The paper analyzes the literature and current legislation of Ukraine on the legal status of the leasing company and the provision of leasing services. The lack of terminological definition of a leasing company is emphasized, the terminology proposed by scientists on this issue is given. A comparative description of the main global leasing business models and their integration into the financial services market of Ukraine. An analysis is made of business entities that provide leasing services. The objective possibilities of banking and non-banking leasing companies are compared. The structure of leasing companies, the mechanism of their work, the market share of services are considered. Due to the lack of settlement of many issues related to the provision of leasing services, and the existence of an inefficient existing leasing market system in Ukraine, proposals are submitted in parallel with the NBU project to improve the existing order. The substantiation of the role of leasing companies in the financial services market, conditions and methods of leasing operations is of great importance, which will create an effective leasing system in Ukraine while the development of the financial leasing segment will meet the needs for quality and affordable leasing services. The regulatory model should ensure the functioning of an efficient and transparent financial leasing market, its harmonious development, as well as the avoidance of unjustified requirements that could harm such development. This model should also help eliminate the negative factors that hinder the development of financial leasing.