EU Federation: European market grew though not across all markets
Statistics by EU Federation shows five per cent growth in factoring and commercial finance in Europe.
Bibby Financial Services (BFS), an international alternative funding provider, has appointed Simon Davies as CEO for Europe.
Following the recommendations of its Strategic Planning Committee for SMEs, NYSE Euronext (NYX) has announced plans to launch a pan-European exchange especially for small and medium-sized companies, developed in consultation with all of the Group's European markets.
In a paper devoted to the revival of growth in Europe, GE Capital focuses on solutions to help combat the dwindling sources of financing for businesses.
 | The New EU Late Payment Directive is just around the corner, what might it mean to the factoring industry? 2011/7/EU is the EU directive designed to combat late payment in commercial transactions. Adopted in January 2011 the directive must be introduced into the local laws of the member states by 16 th March 2013. |
In a 2012 European Trade Finance Study, conducted by Greenwich Associates, 80 per cent of the 300 financial officers from the large European companies surveyed and nine out of 10 from companies in the FT 500 expect pricing on trade finance products and services to increase as a result of the implementation of Basel III.
A new European Commission-backed SME funding instrument seeks to attract increasingly wary banks to support the struggling sector by matching risk associated with innovative companies.
EU lawmakers have agreed with countries on cutting the amount of capital banks must hold against loans to smaller companies, resolving one of several issues holding up the implementation of the Basel III capital rules in Europe, a negotiator has revealed.