FCI, an SME Finance Forum Industry Partner, held its 55th annual meeting in Marrakech, Morocco from October 29 to November 3 2023.
More than 250 attendees joined to network and discuss current issues within the Factoring and Receivables Finance Industry.
With over EUR 300 billion financed to SMEs as well as to larger corporates, the global factoring and receivables finance Industry is providing much needed liquidity to the heart of the economy to support economic growth, export and employment.
The SME Finance Forum was recognized as an institutional partner for that event and Qamar Saleem, SMEFF CEO, played a central role launching the IFC Regulatory Guide.
The Knowledge Guide on Factoring regulation and Supervision is an in-depth Guide of the factoring industry from a regulatory perspective, but also sewing in the practical aspects and challenges that the industry faces globally. This document will allow any central bank/regulator to glean from the Guide the most important elements when developing regulatory oversight concerning the factoring industry.
The publication will be ready for public dissemination soon.
Qamar also gave a keynote address on the importance of trade and supply chain finance for SMEs.
The Forum is working to unlock SCF for SMEs through a supportive and innovative community of SME finance professionals dedicated to expanding access to finance for SMEs through SCF solutions.
Join the Forum as a member to take an active part in that community of practice which will involve key stakeholders and leverage industry tools to scale SCF solutions for SMEs.
FCI is the Global Representative Body for Factoring and Financing of Open Account Domestic and International Trade Receivables. FCI was set up in 1968 as a non-profit global association. With today close to 400 member companies in more than 90 countries, FCI offers a unique network for cooperation in cross-border factoring. Member transactions represent nearly 60% of the world’s international correspondent factoring volume.