WOA takes part in EU Workshop on SCF

WOA takes part in EU Workshop on SCF

30 May 2019 by Erik Timmermans

The European Commission FISMA together with advisors VVA and Aite Group organized on 29th of May a workshop in Brussels to explore market and regulatory barriers for Supply Chain Finance. SCF is defined according to the Standard Definitions for techniques of Suppy Chain Finance and includes 9 different product lines, all related to working capital/supply chain financing (one of them being Factoring).

World of Open Account was pleased to be invited to this workshop to share insights and experience together with a broad group of industry associations, Banks, Non-Bank Financial Institutions and Corporates.

Enrico Camerinelli and Charles Bryant moderated a highly interactive discussion.

Next week on 6th of June focus groups with buyers and sellers in SCF will be organized in Brussels. Contact Erik Timmermans (erik@woa.community) if you would like more information or are interested to take part in the focus groups.

This exercise will lead to a comprehensive study on SCF in Europe with recommendations to EU parliament and commission to remove market and regulatory barriers. Great to see that Factoring and Commercial Finance is on the radar for policy makers as an excellent and safe tool for inclusion and access to finance to SMEs.

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