The incoming Bank of England (BoE) Governor Andrew Bailey said that small and medium-sized businesses (SMBs) might need loans from Threadneedle Street and the government to help with supply chain disruptions from the coronavirus outbreak, according to reports on Thursday (March 5). Get the Full...
The conversation surrounding late supplier payments is proliferating as new controversies emerge about the impact of reverse financing on supplier payment practices, and as some high-profile businesses face their own late payments criticisms. Get the Full Story Complete the form to unlock this article and...
With mounting pressure from small and medium-sized businesses (SMBs) as well as the media and politicians, U.K.-headquartered mining firm Rio Tinto is ditching its reverse factoring initiative, according to reports on Wednesday (Jan. 29). Get the Full Story Complete the form to unlock this article...
Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance tool prevents investors and auditors from gaining a transparent view into company finances. Get the Full Story Complete the form...
October 25, 2019
Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that are in place, according to Compliance Week reports on Friday (Oct. 25). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — […]
