Sixty-seven countries have delivered a landmark deal on services trade regulation that could save up to $150 billion in trade costs every year. The World Trade Organization (WTO) announced today… read more →
A new report has forecast that the UK economy will grow at a faster pace than any of its G7 rivals in 2021, but growth globally is losing momentum. The… read more →
In October this year, the International Trade and Forfaiting Association (ITFA) published its long-awaited harmonised Basel III-compliant trade credit insurance policy form.
The UK government has announced that it will deploy eight new attachés to promote trade and boost exports in key agri-food and drink markets overseas. The measures, unveiled yesterday, aim… read more →
CANCELLED: 12th WTO Ministerial Conference postponed indefinitely due to Omicron travel restrictions
The World Trade Organization (WTO) has announced that it has postponed indefinitely its 12th Ministerial Conference (MC12), citing new COVID-19 travel restrictions. The General Council – the WTO’s highest decision-making… read more →
A new study has found that lowering domestic red tape in services trade could save an annual $150 billion globally. The study, published on Friday by the Organisation for Economic… read more →
This week, at a House of Lords Economic Affairs Committee hearing on CBDCs, Sir Jon Cunliffe, deputy governor for financial stability at the Bank of England, revealed some interesting findings on the potential impacts of Britcoin.
With this year’s biggest climate conference, COP26, now behind us, 2021 may turn out to be a landmark year for raising awareness of green finance.
Like many products within trade finance, trade credit insurance has endured serious volatility during the last 12-18 months, thanks to the COVID-19 pandemic.
New surveys on both sides of the Atlantic have found that the vast majority of businesses are struggling with inflation, and many are already passing on price hikes to consumers.
UK-based fintech Finastra has introduced additional alternative reference rates (ARR) and risk-free rates (RFRs) to its Fusion LIBOR Transition Calculator. The move enables banks, corporates, and borrowers to calculate ARR… read more →
As the trade finance industry shifts towards more digitalised ways of doing business, new niches are opening up within the market.
FCI Academy, the education arm of FCI, has launched a new e-learning course on Supply Chain Finance and Reverse Factoring. As the latest addition to FCI Academy’s six online modules,… read more →
BAFT is the leading financial services association for international transaction banking. In his new role, Stevenson will lead BAFT’s trade-focused policy, practices, and education initiatives, and support its trade-related councils and committees.