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Affiliated Industry Association News

UPU Adopts Ambitious Work Plan to Adapt to Growth in E-commerce.

In reaction to the phenomenal increase in parcel and small packet traffic in the international system, and the corresponding decrease in letter mail, the UPU’s Postal Operations Council last week adopted a multi-faceted E-commerce program.  This is known by the acronym “ECOMPRO” and calls for an aggressive set of activities.  Five categories of action have been identified: market development, postal electronic services, logistics, ... Read More »

ICISA President Tesch on Growth and Dialogue

Andreas Tesch, Chief Market Officer and member of the Atradius N.V. Management Board, was elected President of ICISA at the Annual Meeting in Hamburg last June. He is not a stranger to the Association as his past with ICISA goes back to 2001. In this interview he shares his views regarding the Association and his goals as President. Andreas Tesch ... Read More »

Majority of Very Late Payments Remain Uncollected in the Americas

More than half of the value of B2B receivables over 90 days past due were written off as uncollectable by businesses in Brazil, Canada, Mexico and the United States (the Americas). The September 2014 edition of the Atradius Payment Practice Barometer, a survey of B2B suppliers in Brazil, Canada, Mexico and the US, found that, on average, 38.4% of the ... Read More »

Singapore: Credit Bureau Scene Could Do with more Competition

New regulations are being proposed for better oversight of Singapore’s credit bureaus. But the fundamental problem of an unequal playing field in the industry has yet to be addressed. Dr. Michael Turner of PERC launched recently an article in the Singapore Straights Times opines that the Singapore credit bureau setup is monopolistic.  Given the size of the market one could ... Read More »

FCIB Global: Compliance as Hot a Topic as Ever

Compliance appeared to have been the hottest topic among credit managers of companies presently exporting their goods and services at FCIB’s 25th Annual Global Conference last week.  Perhaps the biggest takeaway was that perfection isn’t always necessary to appease governments and regulators, but diligence most certainly is. As previously noted by NACM, regulatory activity and the size of fines for ... Read More »

9th World Consumer Credit Reporting Conference Dubai 2014 a Great Success

The 9th World Consumer Credit Reporting Conference (October 19/21 2014 Grand Hyatt Dubai) was an outstanding success with over 300 credit information and financial services professionals attending. The event was organized by CDIA, the Consumer Data Industry Association (USA), ACCIS, the European Association for Consumer Credit Information Services, and the Credit Bureau of Saudi Arabia (SIMAH). Key topics centered on ... Read More »

PERC Study Examines the Impacts of Full-file Information Sharing on Competition in Lending Markets

PERC’s new study The Impacts of Information Sharing on Competition in Lending Markets specifically explores whether bank concentration falls following a shift to full-file credit sharing.   The key findings from the research include: Shifts to full-file credit reporting are not associated with meaningful changes in bank concentration/market power, and Consistent with past findings, greater information sharing is associated with ... Read More »

Compliance Issues, Fines a Growing Concern in Credit

Fines and sanctions are on the rise for companies in B2B transactions, not just banks, according to the National Association of Credit Management. Among the fastest growing concerns in business today, domestically and internationally, is that of compliance violations.  This week’s news that Barclays drew two fines – $62 million (USD) by the UK’s Financial Conduct Authority and $15 million ... Read More »

PERC Study: Credit Bureaus in Emerging Markets: Overview of Ownership & Regulatory Frameworks

A new PERC study examines how regulators and economies develop credit sharing systems that reflect their policy priorities and their capacities. Credit Bureaus in Emerging Markets: Overview of Ownership & Regulatory Framework, answers a number of questions regarding information sharing governance and structure in emerging markets, among them, how ownership should be configured and how the regulation of credit information ... Read More »

9th World Consumer Credit Reporting Conference, Dubai UAE

Registrations for the 9th World Consumer Credit Reporting Conference in Dubai are ahead of expectations. As a result, we are close to reserving all the rooms we requested at the Hyatt, especially those at the guaranteed conference rate for delegates coming in before Oct. 19, or staying after Oct. 21. The Conference agenda is set. Some of the timely sessions ... Read More »

‘The Future of Trade Credit and Surety Insurance’

A new white paper ‘The future of Trade Credit Insurance’ is published by Russell Group Limited, a risk management software and service company, for which Robert Nijhout, Executive Director at ICISA was interviewed.   The white paper explores the current export and credit environment, supply chain disruption, global sovereign debt concerns, and the threats posed by non-payment and political risks. ... Read More »

Andreas Tesch, the New President of ICISA Targets SME Sector

In an exclusive interview with Global Trade Review (GTR), the new International Credit Insurance & Surety Association (ICISA) president Andreas Tesch has singled out SME finance and stronger association links as key aims moving forwards. In his first interview as president of ICISA, Tesch spoke to GTR about the association’s goals and ambitions, and also his personal view of the industry, with ... Read More »

How to Mitigate Risk and Ensure Compliance: Govern Your Documents Accordingly

White Paper concerning the management of risk, improving compliance and delivering business value with effective information governance Too often, organizations hear “information governance” and think “records management” and “compliance.” In today’s information-rich—sometimes information-saturated—business environments, information governance must do more, helping to also manage risk, reduce costs, drive operational excellence and provide strategic and decision-making value. In this paper, OpenText and ... Read More »