SMEs need to explore innovative financing options like trade credit insurance as they plan and prepare for the “new normal”.
The number of recorded daily new COVID-19 cases worldwide hit a new record last week with Latin America and the Caribbean now accounting for the largest number of cases by major region.
As the lockdown eases the global economy is starting to come back to life. The UK started to emerge from lockdown, with people who are unable to work at home ‘actively encouraged’ to return to work. From next Monday all non-essential shops will be allowed to get back to business.
Unpacking previous events, TFG heard from FCI’s Secretary General Peter Mulroy, comparing how the factoring and receivables industry has fared during previous crises and what we can learn moving forwards.
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.
TFG caught up with Private insurance and risk mitigation experts Simon and Carol from The Texel Group, speaking on policies, types of insurance product, where the CPRI market might be headed in a post-pandemic world and appetite in 2020.
ICISA calls for a systematic approach across the EU to meet the demands of the crisis triggered by Covid-19. This coordination would enable economic sectors to still continue trading on a level playing field.
ITFA, BAFT, Berne Union, IACPM, IUA and LMA today wrote to European Union policymakers about the importance of facilitating bank lending amid the COVID-19 crisis.
TFG heard from development finance expert Diana Smallridge on the role of various institutions when it comes to financing trade, infrastructure, and exports.
TFG heard from John Lentaigne, Acting CEO at African Trade Insurance Agency, on the current investment landscape in Africa.
TFG spoke to Clyde & Co’s Robert Parson about the development of trade finance as an asset class, a view on COVID-19, and tradetech
TFG heard from French ECA Bpifrance around the current market for lending to French exporters as the biggest worries for SME exporters
We discussed with AIG some of the challenges and opportunities in the trade credit insurance sector. Enabling the much-needed reduction of the trade finance gap, and bringing in a wider array of investors while mitigating the risks of such expansion in the backdrop of geopolitical uncertainty will be a huge challenge in 2020. However, dealing with a broader collection of participants in the trade finance ecosystem in terms of jurisdictions, size of the borrower, types of assets and fintech entrants set us up for interesting times.
TFG’s Deepesh Patel spoke to Matthew Beckett, Director of Insurance Placement at SMBC at Excred London. As trade risks and uncertainty abounds, we asked SMBC about how appetite has changed in 2019, and whether additional liquidity has impacted the distribution and origination business.
