The International Chamber of Commerce (ICC) has launched a new Legal Reform Advisory Board (LRAB) to support the legal harmonisation efforts of the ICC Digital Standards Initiative (DSI).
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.
Your Monday morning coffee briefing from TFG: COP26 gets underway, with a Denmark-led agreement on low-carbon shipping, and a UK emissions disclosure agreement in the making.
Your morning coffee briefing from TFG. Boris Johnson warns there is ‘huge way to go’ at COP26. Rishi Sunak announces new UK budget. New podcast episode with Pole Star and CarbonChain on partnership. SMEs need $50tn investment to meet global net zero goals, says new HSBC, BCG report. And TFG hears from ITFA’s Paul Coles on Structured LCs, MRPAs and the LIBOR transition.
Your Monday morning coffee briefing from TFG: The UK agrees to a historic trade deal with New Zealand – among the first of such deals in the post-Brexit era. A new ICC report estimates that full digitalisation could add $9 trillion to G7 trade by 2026. The UK Financial Conduct Authority (FCA) offers more details on its synthetic LIBOR plans. Macquarie strengthens its position as a global shipping lender, with a total market value of over $3 billion. And we hear from ITFA’s Andre Casterman and Johanna Wissing on fintech and ESG for trade finance respectively.
Your morning coffee briefing from TFG. US gas exporters face a tightening of European anti-pollution rules, Commercial Banking Applications prepares banks for SWIFT 2021
SWIFT’s upcoming SR 2021 release is set to bring some significant changes to trade finance messaging standards – specifically those relating to guarantees
More than 90% cost savings could be possible from using distributed ledger technology to handle authoritative digital original documents
Digitalising these documents may seem like a bridge too far for some banks, but the risks of not investing in these technologies are comparatively greater.
Singapore is second only to Bahrain in adopting MLETR
A flagship new report by Asian Development Bank proposes a 20 per cent growth in the digital sector could create an annual 65 million new jobs.
Two Raiffeisenlandesbanks go live with digital trade finance solution that will transform their end-to-end operations and intercept continuing business and market demands.