One year ago, FCI members gathered in Ho Chi Minh City, Vietnam, at FCI’s Annual Conference. Reflecting back, the 2018 factoring volumes stood at 2.7tn euros. For 2019, the volumes increased once again, by just over 5% YoY, at 2.9tn euros.
What were the biggest challenges to the industry in 2019? 2019 saw extreme economic and political volatility, the rise in nationalism and protectionism, and of course, this led to a general slowdown in global trade.
This was all before the coronavirus pandemic. Fast forwarding 12 months, the geopolitical and macroeconomic factors continued, even heightened, coupled with the crippling effects of the Covid-19 crisis.
The Receivables finance industry now plays a critical role in recovery and the turn towards eventual growth in global trade, particularly by continuing to finance SMEs during this challenging period. TFG’s Deepesh Patel caught up with FCI’s Chairman, Mr. Patrick de Villepin, and FCI Vice Chairman, Mrs. Daniela Bonzanini, joining virtually at the FCI Annual Conference.
In this podcast we heard from FCI on:
Full transcript here: https://www.tradefinanceglobal.com/posts/podcast-s1-e53-fci-views-from-the-board-factoring-and-receivables/
Year ahead: Swift CIO on balancing uneven payments regulation and advancing CBDC
COP28 and beyond: ICC United Kingdom’s views on climate action and sustainable trade finance
B20 India: Strengthening global value chains
Brexit and beyond: Minister Nigel Huddleston on UK’s trade adaptations
ITFA: The tale of Article 506 and the transition period
Short-term, self-liquidating, is trade finance as an asset class on the up?
From the Danube River to the world: Eastern Europe’s strategic edge & trade finance
Unlocking opportunities: Trade finance as a lucrative asset class for investors
Bridging borders: The role of B2B cross-border payments in the global economy
LGBTQ+ In Trade, Treasury & Payments
How to prepare for Sibos 2023 - trade & payments updates from Swift
Public vs Private: How Export Credit Agencies and Export Finance can drive Inclusive Cross-Border Trade
African Sustainable Trade Finance – the way forward
Cloaked in trade: Unmasking the underworld of trade-based money laundering
First cross-border factoring facility between Armenia and Georgia supported by EBRD
Factoring in the UAE: Developments and global implications
C4DTI wrap up - making trade cheaper, faster and simpler
Marshall Islands to Liberia, monitoring 68,218 vessels raises alarms for trade financiers
Canada’s Minister Ng: Building ecosystems to support women-owned businesses
Moving beyond gender: challenging stereotypes and biases in the workplace
Create your
podcast in
minutes
It is Free
Bank of America Treasury Insights
Human Capital Leadership
The Power of Music Thinking
BusinessWISE
The Home Service Expert Podcast