"FACTORS AND ACTORS»: A REFERENCE BOOK TO PROMOTE FACTORING
Patrick de Villepin, chairman of the ASF’s Factoring Committee (the French Association of Specialized Finance Companies), a founding member of the EU Federation(EUF), has published a book called "Factors and Actors". Its aim is to promote global awareness of the factoring industry and this collaborative work brings together thoughts and analysis from 37 experts from 15 different countries, including historians, professionals and several EUF members. The book spans the past, present and future of the factoring business from both historical and technical perspectives. It also includes a chapter on the EUF itself.
"Factors and Actors" is structured around several key themes:
- How to support companies in their international growth?
- What is the future for factoring?
- What transformation is required for a Factoring 2.0?
- What will invoices look like in 10 years’ time?
"Factors and Actors" was launched at the 50th anniversary meeting of FCI, the World Factoring Association which brings together 400 factoring companies from 90 countries.
Marking the occasion, Patrick de Villepin said "Today, factoring is at a crossroads. With the emergence of fintechs, new risks linked to cybersecurity and the challenges of digitization, we have constantly to innovate to better meet companies’ needs and to support international trade. This collective work provides useful ideas for all sector stakeholders around the world".
Patrick de Villepin (Ed.), Factors and Actors, A Global Perspective on the Present, Past and Future of Factoring, Brussels, Peter Lang, 2018, 434 pages.
Factoring and Commercial Finance grows again, supporting economic expansion in the EU
Final analysis of data collated by the EU Federation for the Factoring and Commercial Finance Industry (EUF) shows that factoring and commercial finance volumes in the EU grew overall in 2017 by 7.5% to €1.6 Trillion.
This rate of growth again clearly outpaces the increase in GDP in Europe and demonstrates clearly the vital role factoring and commercial finance is playing in developing the real economy, providing principally SME businesses with much needed working capital. This success story is about real growth, real employment and demonstrable business success in supporting the ongoing recovery.
Almost €220Bn of funding is supporting over 200,000 European businesses.
With factoring and commercial finance now representing around 10.5% of EU GDP, this is a powerful and important contribution to EU economic development and success.
Mrs Françoise Palle-Guillabert, Chairman of the EUF, noted: "The continuing story of growth in our Industry reinforces yet again the highly important role we have in financing the development and expansion of the the real business economy right across the European Community. However, this success should not make us forget that for years to come Factoring and Commercial Finance industry will have to deal with major prudential and legal issues (NSFR, Anacredit, NPL, Basel III, Rome 1, SMEs definition...) and that their voice will have to be taken into account by European legislators and regulators.”
Please see the full press release with EUF statistics by country:
Discover the Spring Newsletter
The EUF is glad to publish its latest Newsletter.
- Welcome from the newly elected EUF Chairperson
- The EUF Legal Study 2017 is now out
- Closing the regulatory gap in the Rome I-regulation
- Preliminary 2017 figures – factoring market on a growth path
- Addressing non performing loans: a non-issue for the factoring industry?
The Newsletter may be downloaded here:
EUF’s unique comparative Legal Study updated
The EUF’s unique overview analysis of the legal and regulatory environments in Europe (and a number of important comparator countries) has been brought right up to date with an extensive review and revision of the EU 28 member countries’ positions. The EUF considers that this document now represents the only comprehensive analysis of its type available to the Industry, its regulators and lawmakers, associated support service providers and anyone with an interest in the effective finance of business.
The 2017 study consists of 15 sets of questions which investigate the key aspects of receivable financing and factoring and its value lies in bringing this important information together in one place for analysis, comparison and review.
Created with the kind support of global law firm Clifford Chance, the document is a substantial development from the previous edition, now with over three hundred pages of important data and analysis.
Launched at the 4th EU Factoring Summit held in Athens on 6/7 March 2018, the EUF Legal Study will be available on the websites of the EUF and FCI to their respective members.
Françoise Palle-Guillabert, Chairman of the EUF noted: “This updated legal study provides an important contribution to developing a common understanding of the opportunities and challenges that exist for the Factoring and Commercial Finance industry to finance the real economy of Europe, supporting business, economic growth and employment.”
EUF Press Release ExCom Election 2018
Chairman of the EU Federation
FRANÇOISE PALLE-GUILLABERT IS CONFIRMED AS THE NEW CHAIR OF THE EU FEDERATION, THE EUROPEAN ASSOCIATION OF FACTORING
Françoise Palle-Guillabert, Director General of the French Association of Specialised Finance Companies (ASF), has been elected Chair of the EU Federation during the Association Council, which was held in the Fourth EU Factoring and Commercial Finance Summit in Athens on March 6th and 7th, 2018. Its mandate takes effect immediately for a period of 2 years.
Françoise Palle-Guillabert received a French Master’s degree in Law and a Master in Public Affairs from the Institut d’Études Politiques in Paris. Since October 2008, Françoise Palle-Guillabert has been the Director General of the French Association of Specialised Finance Companies (ASF). She has been a board member of The EU Federation since 2009.
At the same meeting, EUF Board Members Fausto Galmarini and Josep Selles were also elected as Vice Chairs, thereby cementing a knowledgeable and experienced leadership team for the Organisation.
Notes to Editors
The EUF is the Representative Body for the Factoring and Commercial Finance Industry in the EU. It comprises national and international industry associations that are active in the region. The EUF seeks to engage with Government and legislators to enhance the availability of finance to business, with a particular emphasis on the SME community. The EUF acts as a platform between the Factoring and Commercial Finance Industry and key legislative decision makers across Europe, bringing together national experts to speak with one voice.
Copies of the EUF Yearbook 2016-17 are available from the EUF Secretariat
For more information:
See our website: www.euf.eu.com