The UK Financial Conduct Authority (FCA) plans to transition from the London Interbank Offered Rates (LIBOR) to Risk-Free Rates (RFRs) by the end of 2021, to restore trust and integrity in the market. This shift comes after several banks manipulated their interest rates for profit, disturbing trust in the global economy.
How has SWIFT changed, what challenges have they faced and how will they continue reinventing themselves in the highly competitive global payments market?
The UK’s development finance institution and impact investor, CDC Group, has announced the close of a $30 trade finance loan to City Bank, one of Bangladesh’s top-performing private banks. Trade… read more →
Ameropa has just signed a USD 750 million Multicurrency Revolving Borrowing Base Credit Facility with 19 banks (the” Facility”) arranged through an amendment and extension process. The increase from the original USD 600 million Multicurrency Revolving Borrowing Base Credit Facility, dated 14 June… read more →
Smart Currency Business has collated predictions from major banks and highlighted key factors which may influence the pound, euro and dollar in their latest Quarterly Forecast.
Plain sailing ahead for UK freeports? Probably not. TFG’s McKenzie summarises the key points from the UK budget and what it means for trade.
VIDEO: Philip Bowkley industry leader perspective: The future of global payments, cash and liquidity
Philip Bowkley, co-chair of BAFT’s Global Payments Industry Council talks to TFG about the future of global payments, cash and liquidity
− Initial term of the framework agreement is four years− Transaction complies with the terms of Deutsche Bank’s new SustainableFinance Framework− Sustainability criteria devised and monitored by independent consultants Deutsche… read more →
Smart Currency Business have collated predictions from major banks and highlighted key factors which may influence the pound, euro and dollar in their latest quarterly forecast.
Figures from the Department for International Trade published today (10 July), show the UK attracted 1,852 new inward investment projects in 2019/2020 financial year, representing a 4% increase on the… read more →
The Local Currency System – SML – resurfaces as an alternative to recover trade flows not only in the Mercosur but also in other regions of the world which can implement it.
Irrespective of size, sector or country the economic and social impact of the pandemic has expanded, and challenges are growing for business and the accountancy profession, reveals ACCA’s Covid-19 global… read more →