The Financial Conduct Authority (FCA), as an independent, public authority, is responsible for the supervision of financial markets in the United Kingdom. The official certification of Creditreform Rating AG now allows institutional investors in the UK to use the ratings from Creditreform Rating for regulatory purposes.
Following this study, the Average Payment Delay (AMD) in 2020 for 9 European countries in our analysis has worsened because of the effects of COVID-19 crisis on payments.