The EUF Summer Newsletter for 2024 contains a range of interesting articles. It starts with a message from EUF Chairman Fausto Galmarini, who welcomes the readers and shares his thoughts on the industry's role in supporting the real economy. He emphasises the importance of protecting factoring and its role in the development of the real economy, particularly in supporting SMEs and providing them with the liquidity they need.

The newsletter also explores the EU legislation governing late payments, with an insightful piece by Magdalena Wessel, EUF Vice-Chair and Chair of the EUF Legal Committee. She discusses the progress of the LPR proposal in the EU Parliament and the amendments presented by MEPs in the Committee on Internal Market and Consumer Protection (IMCO).

Additionally, there is a detailed analysis of the 2023 factoring figures by Magdalena Ciechomska-Barczak, Chair of the Economics and Statistics Committee. The report provides valuable insights into the industry's sustained growth, highlighting that while the growth rate was not as high as in recent years, it still showed a stabilisation in the factoring growth trend.

The establishment of the ESG Committee is also mentioned, with Antoine de Chabot, the committee's chair, emphasising the importance of environmental, social, and governance factors in the industry. The committee has been active for a year and has identified various topics to be monitored in future discussions with policy stakeholders.

Lastly, Diego Tavecchia, Chair of the PRC Committee, shares his views on the potential "Winds of Change in Europe for Factoring," focusing on the critical issues of the proposed Late Payment Regulation and the definition of default. He highlights the intertwined implications of these topics.

To read more, you can download your free copy of the newsletter here.