EUF Launch Autumn 2023 Newsletter | FCI
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EUF Launch Autumn 2023 Newsletter
EUF Newsletter Autumn 2023
22 November 2023

This edition of the EUF Newsletter Autumn 2023 edition features insightful articles on the latest hot topics, including Late payments, 1H 2023 Factoring Statistics and ESG.

Highlights include:

Welcome from EUF Chairman, Fausto Galmarini
Mr Galmarini shares his thoughts on the current global economic climate and the role that factoring can play in supporting the real economy, even in a complex and challenging situation like the one we are experiencing.

From Late Payments Directive to Late Payments Regulation?, Magdalena Wessel
Ms Wessel examines the surprising development from the EU Commission, which came out in September regarding the LPD review. Although a legislative proposal to review the existing LPD was expected to be presented as part of the EU Commission’s SME relief package, the EU Commission published an unexpected proposal for a regulation on combating late payment in commercial transactions (COM(2023) 533).

IH 2023 Statistics – Continuation of an upward trend in factoring, Magdalena Ciechomska-Barczak
Ms Ciechomska-Barczak shares data gathered by the EU Federation for Factoring and Commercial Finance for the European factoring market for IH 2023, which has shown that there was still positive growth of factoring turnover, reaching 5% y/y. 

The new ESG Committee, Antoine de Chabot
Mr de Chabot introduces the new ESG Committee, which had its first meeting in June, where eight countries are represented. From the very beginning, it appeared that ESG matters have become increasingly important, and the industry is in front of a double challenge.

The new Late Payment Regulation: implications for credit risk, Diego Tavecchia
Mr Tavecchia explores the straightforward approach proposal, issued by the European Commission on 12 September 2023, to reform the Late Payment Directive, signalling a decisive step in combating late payments.

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  • Click here to find out more about the EU Federation for Factoring and Commercial Finance.