EBA report sets scene for collaboration on supply chain finance
Szmukler: a growing need for collaboration
The Euro Banking Association has published results of research and assessment work on supply chain finance topics and alternative electronic payments, including recommendations on managing financial industry collaboration and partnerships.
During a session at the EBAday conference in Helsinki this week, the association presented the second edition of its guide to the European supply chain finance market, first published in May 2013. The second edition includes, among other new content, an analysis of the Bank Payment Obligation and an update on regulatory developments.
The guide is part of the EBA’s initiative to provide background information on the evolving supply chain finance market and to respond to what it calls “a growing need for industry collaboration in this market on a number of topics”. “Version 2.0 of the EBA Supply Chain Finance market guide is a result of the continued monitoring and study of the SCF market by our expert working group. It is one of our key objectives to help our member banks and the wider industry to assess the opportunities and risks of this growing market,” said Daniel Szmukler, director, EBA. “As part of the EBA’s collaborative engagement, we also contribute to the Global SCF Forum working on the development of standard market definitions for the range of SCF instruments offered by the market.”
The SCF guide can be downloaded here.
The EBA also published opinion papers on digital identity services and user requirements for next generation alternative retail payments – the changing needs in the area of retail payments and their impact on traditional cash, cards and ACH payments are another key focus of the EBA’s research and assessment activities.
There are two opinion papers, one on the value of digital identity services to banks and a second one on user requirements for next generation alternative retail payments.
“The two opinion papers issued by the EBA Working Group on Alternative Electronic Payments result from our analysis of market trends and user requirements in this area and are geared at fostering debate within our membership and beyond,” said Szmukler. “These opinion papers may support banks in determining where and how collaborative initiatives in this area could be beneficial. We hope they will help to pave the way towards the development of new best-in-class electronic ACH and alternative payments.”
