Navigating the world of global finance? Learn about the Basel III Endgame & the impact of these financial regulations.
In order to communicate with each other, banks use a messaging system called SWIFT (Society for Worldwide Interbank Financial Telecommunication), which provides a standardized and secure way to exchange information. There are several different types of SWIFT messages that banks use for various purposes.
The European Union’s proposed Late Payment Regulation (LPR), a revision of the Late Payment Directive (2011/7/EU), has sparked responses from the International Chamber of Commerce (ICC) and the International Trade and Forfaiting Association (ITFA).
While at COP28, held in Dubai, UAE, the International Chamber of Commerce (ICC) has released its Wave 2 framework.
The European Union’s latest regulation on late payments presents a balancing act reminiscent of tightrope walking.
Co-presenters Deepesh Patel and Deutsche Bank’s Clarissa Dann co-hosted an interview on Trade Finance TV, exploring how the age-old techniques around distributing trade finance assets are changing to adapt to the current market dynamics.
Trade volumes and macroeconomic context of 2022 and the ICC Trade Finance Register for 2023 reveal a nuanced interplay of growth and deceleration. In 2022, international goods trade flows reached $23.8 trillion, marking a 10.7% increase from the previous year.
The ICC’s Trade Finance Register has been released, reporting a small increase in default rates across documentary trade and open account products, whilst highlighting still, the low-risk nature of the asset class.
In the current financial and technological sectors, businesses confront a range of challenges, as highlighted in the UNCTAD’s Trade and Development Report 2023. These include economic instability, budget constraints, and… read more →
FCI, the global representative body for the factoring and receivables finance industry, has achieved a significant milestone by securing three major agreements during its annual meeting in Marrakesh.
Digital trade finance platform Contour has announced its closure, citing insufficient funding from its bank shareholders. Operations will cease on November 30, leaving users a brief window to complete transactions and download essential data.
A New York man with Ghanaian connections who engineered a trade-based money laundering (TBML) scheme to transfer illicit gains from online scams has been sentenced to 14 months in prison and ordered to pay $532,738 in restitution to 11 victims.
Correspondent banking relationships (CBRs) are the linchpin of international trade and finance, enabling cross-border transactions and providing a gateway to foreign financial markets.
The livestream is an integral part of FCI’s 55th Annual Meeting in Marrakech.The annual meeting is a focal point in the industry calendar, covering a spectrum of topics from the launch of the UNIDROIT Factoring Model Law to the rise of receivables exchanges and marketplaces.
London – 20th September 2023 – CBI is an Italian company that develops digital services – including open banking and open finance services – for the financial industry and the… read more →