Credit Management July and August 2020

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Evidence your SMARTSEARCH compliance ADVERT in arapidly evolving AMLlandscape Ensureyour business is audit ready with our award-winning product ONGOING MONITORING FOR CONTINUOUS COMPLIANCE RECOGNISED BY THE JMLSG FULL AUDIT TRAIL FOR PEACE OF MIND ON EVERYCUSTOMER Call us nowtobookafreedemo on: +44 (0)113 333 9835 Or visit us online: smartsearch.com SmartSearch delivers verificationservices forindividuals andbusinessesinthe UK andinternational markets. Theseservices include worldwide Sanction &PEP screening, dailymonitoring, emailalertsand AutomatedEnhancedDue Diligence. Advancing the credit profession / www.cicm.com / July & August 2020 / PAGE 32
COUNTRY FOCUS France is our nearest neighbour but still a mystery to many. FRENCH EXCHANGE WHEN characterising a nation such as France it’s ever so tempting to think of a Gauloises cigarette, Napoleon and the Eiffel Tower. But of course, as with so many other nations around the world, France is much more than the stereotypes that are applied to it. With a history that extends beyond the Iron Age and a name that descends from the Latin word for country of the Franks – Francia – the country now comprises 18 regions, five of which are overseas. Some 65 million live in the country as most think of it – Metropolitan France – while two million live in the other five regions elsewhere across the globe. COUNTRY DEMOGRAPHIC France has the largest landmass in Western Europe – 549,970 sq.km – and it’s relatively sparsely populated with 8,496 sq.m per capita compared to the UK (3,686), the Netherlands (1,992) and Macau (42). Not unsurprisingly, the capital, Paris, is the largest population centre with 12.5 million, followed at some distance by Lyon (2.3 million), Marseilles (1.75 million) and Toulouse (1.3 million). At the bottom of the list of metropolitan areas (aires urbaines) come Tours (492,722), Clemont-Ferrand (479,096) and Nancy (435,336). Demographically speaking, France has, according to 2017 data, a reasonably even distribution of its population among the sexes and the five-year age bands up to age 70 with around four million (male and female) in each. From there upwards, naturally, the bandings shrink to look more pyramidal. If there is a ‘bulge’ it’s between 45-54 - for both male and female. France has for some time been a country of immigration with a wide pool of feeder countries. To illustrate this, according to 2016 data, Algeria and Morocco provided the greatest number of immigrants (by birth) – 807,500 and 755,400 respectively, followed by Portugal (622,000) and Italy (286,400). At the other end of the spectrum, Cameroon provided 82,100, DR Congo 81,700 and Serbia just 78,000. Overall, the lists notes 20 different nations. By extension, while French is the lingua franca, other languages are very important to consider. The country is predominantly Catholic with around 65 percent of the population identifying as Christian. Islam comes a faint second with around eight percent of the population identifying as such. However, more than one quarter of the population do not adhere to any particular belief. But despite the level of religious affiliation, France is a secular society and there is no official state religion. Further, French law bans the use of religious symbols in all government institutions and public schools – a view generally supported by general society. ECONOMIC CONDITIONS France’s economy is well developed and is placed 6th in the world according to the UN (2017) and World Bank (2018) but 7th by the IMF. Each gives France a different Advancing the credit profession / www.cicm.com / July & August 2020 / PAGE 33 continues on page 34 >
Page 1 and 2: CREDIT MANAGEMENT CM JULY & AUGUST
Page 3 and 4: 14 CARRY ON REGARDLESS Matthew Godb
Page 5 and 6: GET YOUR CREDIT CONTROL SALARY SURV
Page 7 and 8: NEWS ROUNDUP Association adopts pos
Page 9 and 10: THE CICM THINK TANK > THE NEWS IN B
Page 11 and 12: INSOLVENCY PRIME STAKE Insolvency P
Page 13 and 14: INSOLVENCY EXCLUSIVE The Moratorium
Page 15 and 16: ASK THE EXPERTS IN this series, we
Page 17 and 18: COMMERCIAL COLLECTIONS PERSONAL ACC
Page 19 and 20: COMMERCIAL COLLECTIONS AUTHOR - Sea
Page 21 and 22: SECTOR COMMENT DINING OUT Has the r
Page 23 and 24: OPINION AUTHOR - John Ricketts FCIC
Page 25 and 26: LEGAL MATTERS AUTHOR - Peter Walker
Page 27 and 28: VIEW FROM THE SEA FRONT AUTHOR - Da
Page 29 and 30: EDUCATION & MEMBERSHIP Which CICM q
Page 31: Handy Andes are not to be sniffed a
Page 35 and 36: COUNTRY FOCUS AUTHOR - Adam Bernste
Page 37 and 38: Each of our Corporate Partners is c
Page 39 and 40: CAREERS ADVICE STAYING AHEAD Why op
Page 41 and 42: It needn’t be that hard. Imagine
Page 43 and 44: OPINION AUTHOR - Chris Sanders FCIC
Page 45 and 46: PAYMENT TRENDS Data supplied by the
Page 47 and 48: OPINION LADIES FIRST A talk at a La
Page 49 and 50: PERSONAL DEVELOPMENT Making Memorie
Page 51 and 52: HR MATTERS Vicarious Living Indiscr
Page 53 and 54: INSPIRE ME IN THE NEW ERA OF WORK Y
Page 55 and 56: More reasons to be a member Make co
Page 57 and 58: FOR ADVERTISING INFORMATION OPTIONS
Page 59 and 60: PAYMENT SOLUTIONS ARE YOU A LEADER

Credit Management July and August 2020

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