COVID-19 has provided us with an opportunity for a reset, and so has the ICC’s leadership at the Banking Commission. TFG’s editor, Deepesh Patel, sat down with Lynn Ng, the ICC’s new Banking Commission chair, to discuss the ICC’s new governance strategy moving forward, and some of the key priorities for the Banking Commission.
Your morning coffee briefing from TFG. World trade’s recovery from the COVID-19 crisis hit a record high in the first quarter of 2021, increasing by 10% year-over-year and 4% quarter-over-quarter. WTO Director General calls for action on trade finance in low to middle-income countries.
Your Monday morning coffee briefing from TFG. The IMF upgraded its growth forecasts for developed countries and said the global recession would have been three times as deep had governments not intervened.
Your Monday morning coffee briefing from TFG. Talks between the UK and the EU on their future relationship continue without a breakthrough, and the UK government placed London and much of South East England under tier 4 restrictions.
SWIFT and Singapore’s Infocomm Media Development Authority (IMDA) today signed a Memorandum of Intent (MOI) to accelerate trade digitalisation globally.
The transmission of COVID-19 has returned to “alarming rates” across Europe, says the World Health Organization. The UK government imposed more restrictions on areas of the North East and the Midlands to combat a rise in the number of cases.
The ICC’s Survey on Trade Finance reveals the industry-wide challenges and disruption as a result of the COVID-19 pandemic push trade and trade finance into a state of global uncertainty.
Hin Leong Trading’s, founded by Singaporean oil tycoon Oon Kuin, collapse sends shockwaves through industry leading businesses to significantly embrace digital transformation.
Your Monday morning coffee briefing from TFG. Economies around the world continue to open up in support of generating economic activities, limited by social distancing restrictions.
As of April 1st 2019, more than ten of the world’s leading finance institutions and banks announced a combined effort to develop the multi-trillion dollar market that is trade finance, as an asset class of its own.
UniCredit has recently announced the successful completion of its first Italian transaction via blockchain-based trading platform we.trade.
Bank Payment Obligation can act as a gateway for further trade finance technologies, says new Commerzbank whitepaper The whitepaper, “Leading the path of digital evolution” explains how increased market adoption… read more →
The Singapore arm of Standard Chartered announced yesterday the completion of its first blockchain based lend in Singapore, facilitating the shipment of chickpeas from Agrocorp International, based in Australia, to… read more →
Last week HSBC announced that it had settled over three million foreign exchange transactions since the launch of ‘FX Everywhere’ in the last year. A move to orchestrate cross-border FX… read more →
Heading towards the end of 2018, we thought that China’s developments in blockchain and trade finance were fairly quiet in comparison to the rest of the world. But just when… read more →