EU Factoring and Commercial Finance Meeting shares continued Success and Progress
The EU Federation for the Factoring and Commercial Finance Industry (EUF) held a Members’ Networking Meeting in Amsterdam on 19th September.
Representatives of the Federation’s Members (who between them represent around 97% of the European industry business turnover) were present both to hear from the ExCom and Technical Committees (who shared the extensive and effective range of lobbying and PR activities undertaken over the last twelve months) and to discuss and inform the Committees’ plans for the coming year.
The EUF has been active in lobbying the European Banking Association, the European Central Bank, the Basel Committee, European Commission, Parliament and Council on a wide range of issues including The Capital Markets Union, AnaCredit proposals, NBNI G-SIFIs reporting, Shadow Banking, the Net Stable Funding Ratio requirements and the role of the Supporting Factor in the provision of SME Finance.
In a busy year, the EUF has also held a second successful Factoring Summit, a Breakfast Workshop and published its White Paper on the Industry. The unique EUF comparative Legal Study will now be updated for a second time to take account of the latest developments in both individual country and European law and regulation.
Members were given a copy of the “hot off the press” EUF Yearbook 2015-16 which highlights all these actions and future plans.
Erik Timmermans, Chairman of the EUF and Deputy Secretary General of FCI commented “It was good to be able to update the whole membership on the progress the EUF has made and to share ideas on how and where we can make further impacts on the development of regulation and lawmaking in Europe”.
Third EU Factoring and Commercial Finance Summit
The EU Federation in cooperation with FCI will be organising the 3rd EU Factoring and Commercial Finance Summit, to be held in Madrid, Spain, on 25-26 January 2017.
The conference will take place at the Westin Palace Madrid.
Save the date! More information will come soon!
Brexit: the French Association of Specialised Financial Companies (ASF) takes stock of the British vote and requests that all relevant consequences be drawn quickly
PRESS RELEASE 7 JULY 2016: British citizens have made a democratic choice for their country to exit the European Union. The French Association of Specialised Financial Companies takes stock of this decision with regret.
Highly committed to the pursuit of the European project – a guarantor of peace, liberty, solidarity and prosperity in a global world – ASF would like for decisions that prevent the risk of destabilisation or contagion to be taken rapidly.
Meeting on 5 July, the ASF Board requested that French and European authorities draw all of the necessary consequences flowing from the activation of Article 50 of the Treaty, notably as regards the governance of the European Union and its institutions as well as in the financial area with the withdrawal of the European passport and the relocation of the European Banking Authority to an area within the European Union.
Meanwhile, finance industry professionals will continue to pay close attention to fair competition in the context of representing and defending their businesses.
The French Association of Specialised Financial Companies (Association Française des Sociétés Financières - ASF) comprises all specialised financial companies: 286 companies exercising multiple activities (consumer credit, real estate and equipment leasing, factoring, securities guarantees for companies or individuals, investment services providers,…).
In the factoring segment, France is the third-largest market worldwide behind the United Kingdom and China and has several French companies represented amongst the top 10 European and global factoring companies.
For company equipment leasing and property leasing, France is the European Union’s fourth-largest market and the leading European company is French.
Lastly, two of the three largest European consumer credit firms are French.
Contacts: Françoise Palle-Guillabert, Managing Director +33 (0)1 53 81 51 51
Isabelle Bouvet, Assistant +33 (0)1 53 81 51 56
You can download ASF's press release here:
EUF's position paper on DG-FISMA consultation about NSFR
EUF sends position paper on DG-FISMA consultation about NSFR.
EUF's position paper on revision of IRB
EUF sends response to the Consultative Document on Reducing variation in credit risk-weighted assets.