The misuse of payables finance - Global Supply Chain Finance Forum (GSCFF) Commentary
The supply chain finance technique of payables finance is regarded by the industry as a useful and beneficial tool for both buyers and suppliers. Yet recently, it’s come under significant scrutiny by the press, financial Ombudsman, and various regulators around the world. Add to this, the financial distress wrought by the Covid-19 pandemic, with SMEs tending to be the first to feel the effects of financial crises. Peter Mulroy, Secretary General of FCI, Stacey Facter, SVP of Trade Products at BAFT, and Christian Hauscher, Chairman of the Global Supply Chain Finance Forum and Product Manager for Trade and SCF EMEA at Deutsche Bank, discussed why payables finance remains a force for good.
Full article and report here: https://www.tradefinanceglobal.com/posts/podcast-s1-e49-misuse-of-supply-chain-finance-worrying-but-not-widespread-says-gscff/
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