In an era of complex global transactions and stringent compliance measures, the question of how much information is too much arises. In trade finance, compliance, regulatory, and fraud-prevention checks are increasingly demanding, and while access to data has never been greater, the challenge remains: how do we make sense of it all?
Deepesh Patel, Editorial Director at Trade Finance Global, discussed the topic further with Nabil Jijakli, Credendo’s Deputy CEO.
Trade Finance Global (TFG) is excited to announce that it will be the media partner for the International Credit Insurance and Surety Association (ICISA)’s Trade Credit Insurance Week from 7 to 10 October 2024.
The practice will provide firms with expert advice and support on challenges related to trade and customs, from navigating new IT systems to wider supply chain digitisation and complying with… read more →
Read more about the top geopolitical trends and risks 2024! Hear from experts on country, political & trade risks throughout the world.
As part of the 50th Annual International Trade And Forfaiting Conference (ITFA) in Cyprus, Trade Finance Global (TFG)’s Editorial Director Deepesh Patel sat down with Carol Searle, General Counsel and Group Board Director at Texel Group, to discuss her outlook for the credit insurance market at large.
Talking about trade and sustainability can be a double-edged sword: international trade is denounced by climate and anti-globalisation activists for polluting the planet, but many see great potential in trade to power a green transition. Like it or not, trade makes up almost 30% of global GDP; it has also lifted over a billion people out of poverty in the last decades, and is going to become an increasingly central part of the fight against climate change as more parts of the world become integrated in the global market.
To better support growing small businesses, the U.S. Small Business Administration (SBA) recently announced a new pilot loan program that intends to help close the trade finance gap experienced by SME exporters. The 7(a) Working Capital Pilot (WCP) is the SBA’s first new loan program introduced in more than a decade and will be able to support lines of credit up to $5 million.
British International Investment (BII), the UK’s development finance institution, has announced plans to provide up to £30 million to bolster Ukraine’s international trade amid ongoing economic challenges.
The Prudential Regulation Authority (PRA) has released its second policy statement on the implementation of Basel 3.1, set to take effect in January 2025.