During FCI 55th Annual Meeting, Qamar Saleem, CEO of the SME Finance Forum, launched the ‘Knowledge Guide on Factoring Regulation and Supervision’.
This guide complements UNIDROIT's model law and provides guidance on law reforms seeking to support receivables finance.
It indicates options and recommendations to establish a cohesive regulatory framework for non-banking financial institutions (factoring companies) to extend funds upon the transfer of receivables (factoring activities).
This guide targets policymakers and decisionmakers, such as officials at central banks, supervisory authorities, and governmental departments, including the staff of the World Bank and donor institutions.
It represents a point of reference for reforms and present and future harmonization projects pertaining to an area that is of critical importance for the attainment of inclusive economic growth and sustainable development.
The publication will be ready for public dissemination soon!