BNY Mellon’s Joon Kim features in The Banker article on Asian trade finance

Manufacturing patterns in Asia are seeing a long-term shift away from China towards its neighbouring countries. The change may be driven by a combination of political and economic forces – but will the necessary funds be available to ensure business can continue? Joon Kim, Global Head of Trade Finance Product and Portfolio Management at BNY Mellon Treasury Services, spoke to The Banker’s Asia editor, Kimberley Long, stating: “There is a will to change trade [finance], but it is not moving fast enough. Over the next few years there needs to be an increase in the number of correspondent banking relationships to meet the demands for financing. Having a recognised KYC registry could help with the process. It would create a set standard, and will reduce the need for multiple checks from the various banks.”

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