Writing for Trade Finance Global, Matt Reed, Associate Director at RedRidge Diligence Services, discusses the evolving landscape of trade finance due diligence, and why – thanks to mounting regulation, in influx of new lenders and increasingly complex transaction types – ensuring due diligence is entrusted to specialist providers is increasingly the key to mitigating risk and ensuring a business stays on top of regulatory developments.
International Chamber of Commerce (ICC) Chief Chris Southworth insisted British companies will require the “closest possible relationship” with the European Union to continue trading well after Brexit. The business expert claimed the best possible solution to protect UK trade after March 2019 would be to keep the United Kingdom inside both the single market and the customs union.
According to the proposed Brexit deal Theresa May unveiled earlier this month, Britain would only maintain membership of the two EU institutions should the UK and EU fail to reach an agreement on Northern Ireland before December 2020.
CEO Christoph Gugelman and CFO Nils Behling, Co-Founders of Tradeteq – a marketplace for trade finance assets – explain to Joy Macknight the hurdles to treating trade finance as an asset class, as well as the benefits to be gained by doing so.
Trade finance – a $9trn market – is possibly the most important transaction type in financial services.
Tradeteq is turning Trade Finance from a banking closed-shop into an investable asset class via Securitisation As A Service. Easier said than done, on Europe’s premier Fintech Podcast, Christoph Gugelmann guides us through this maze of enabling new pools of capital to enter the market.
ICC United Kingdom’s Secretary General, Chris Southworth, penned a letter to the Financial Times on the red-tape burden of Brexit and the impact on small businesses.
“All the excellent work to ensure port operations remain efficient post Brexit should not distract from the fact that the burden, risk and cost of new trading arrangements (Report, February 5) will be shifted upstream to companies who will have to do all the additional paperwork before their goods reach the port.
The responsibilities for fulfilling tax, duties, tariffs, customs declarations and clearances and passport requirements will all fall on trading companies, most of which are small companies with limited, if any, capacity to absorb or pass on the additional costs. There are approximately 220,000 trading companies in the UK — the majority of which only trade with Europe — and they have done no preparation at all. The window to train, educate and prepare is impossibly tight.”
What key trends do infrastructure investors face in 2019? For one, nationalist and populist movements are on the rise – creating an environment of heightened political risk, which investors may find hard to navigate. The result could weigh heavily on regulatory stability, as well as country risk or sovereign credit quality.
In tandem, environmental, social, and governance (ESG) matters are beginning to rise in prominence. Increasingly, investors are stepping up their focus in their investment mandates on companies that are seen as acting more sustainably.
Against this backdrop, the latest edition of Outlook keeps investors abreast of the most-read research from the past quarter – offering insights into how the Infrastructure segment is changing and, importantly, how it may yet evolve.
Natixis recently announced several senior appointments:
Stéphane Honig is appointed Head of Strategy and a member of the Executive Committee effective February 11, 2019. He joins Natixis with over 20 years of banking experience.
Stéphane About is appointed CEO, Corporate & Investment Banking (CIB) EMEA (excluding France), effective March 01, 2019. He is currently CEO, CIB Americas, and remains a member of the Natixis Executive Committee.
Olivier Delay is appointed CEO, CIB Americas, effective March 01, 2019. He is currently Global Head of Real Assets, CIB, and remains a member of the Natixis Executive Committee.
Anne-Christine Champion is appointed Global Head of Real Assets, CIB, effective March 01, 2019. She is currently Global Head of Distribution & Portfolio Management, CIB, and remains a member of the Natixis Executive Committee.
Isabelle Reux-Brown is appointed Global Head of Distribution and Portfolio Management, CIB, and a member of the Natixis Executive Committee effective March 01, 2019. She is currently Global Head of Human Resources for CIB.
Alain Bruneau is appointed Global Head of Compliance at Natixis and member of the Executive Committee effective March 18, 2019. He is currently Head of Compliance, CIB.
Stéphane Morin is appointed Deputy CEO, CIB Americas, effective March 18, 2019. He is currently Global Head of Compliance for Natixis.
Writing for London Business Matters – the official publication of the London Chamber of Commerce – Chris Ash, Managing Director at ExWorks Capital, discusses the way in which specialist trade financiers are providing opportunities for SMEs in light of increasing regulatory burdens and global economic uncertainty.
The article was published in London Business Matters February edition. To read more, please click here (pg.20).