ICC Banking Commission’s 2017 “Rethinking Trade & Finance” report covered by specialist press

report cover (002).JPGThe International Chamber of Commerce (ICC) Banking Commission has published the 2017 edition of its annual “Rethinking Trade and Finance” report, based on responses from banks across 98 countries.

This year’s report singles out the imbalance of demand and supply in the global market, citing the approximate US$ 1.6 trillion of unmet demand. In addition, it addresses perceived challenges to trade finance, such as compliance and regulatory requirements. In a marked shift from previous years, the report also emphasises the future of trade finance; namely digitalisation, role of banks and growth.

Following Moorgate’s outreach, news of the report was covered by: Corporate Treasurer, Asian Banking & Finance, Fintech Finance, Finextra (news article), Finextra (blog) GTR, TFR, TXF, GTNews, The Paypers and PYMNTS.

 

ICC Banking Commission “Rethinking trade and finance” report featured in Nordea Insights

report cover.JPGIn its most recent newsletter, Nordea Insights – the Nordic banking organisation – has published an interview covering the latest ICC Banking Commission “Rethinking Trade and Finance” report. The interview, which features responses from a number of Banking Commission Executive Committee members, delves into various aspects of the report – including digitalisation and standardisation, sustainability in trade finance, correspondent banking, supply chain finance, and even the future of trade finance.

To read the full article, please click here.

Natixis’ Madrid appointment reported in Expansión, Cinco Dias, and Reuters

Claudio photo 1Following Moorgate’s outreach, leading Spanish business and economics publication Expansión reported on Natixis’ appointment of Claudio Boada as Senior Adviser to the Madrid office. In their print edition, Expansión explains that Boada will help on the continuous expansion of Natixis’ portfolio of clients and assist with the bank’s growth and development plans in the region, alongside Carlos Perelló, Senior Country Manager, Spain & Portugal. The news was also covered in Cinco Dias in Spain, and Reuters in the UK.

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ICC UK’s latest podcast with US Council for International Business

ICC UK logo

This week’s ICC UK business podcast features Peter Robinson, CEO at the US Council for International Business (USCIB).  Peter discusses the Trump administration’s efforts to renegotiate the North America Free Trade Agreement (NAFTA), and the effects on US businesses, as well as growing protectionism and the US perspective on Brexit.

To find out more, download the link and have a listen.

Deutsche Bank’s Flow Magazine discusses ISO 20022

ISO 20022 will play an instrumental role in the future of payments – providing operational efficiency and enabling banks and market infrastructures globally to communicate. Yet it only really works if banks and market infrastructures around the world are harmonised, or at the very least aligned, in their migration efforts. In an article for Flow Magazine – inspired by a panel at the 2017 SWIFT Standards Forum in London – Deutsche Bank explains why.

To read the full article, please click here.

Deutsche Bank’s Shahrokh Moinian explores the global implications of the EU’s new Directive on Payment Services, in the Asian Banker

On 13th January 2018, the second European Directive on Payment Services, or PSD2 as it is more commonly referred to, will come into application.

With a just under a year to go until implementation, Shahrokh Moinian, Deutsche Bank’s Global Head of Cash Management Corporates, explores PSD2’s potential impacts in the Asian Banker.

“PSD2 is much more than a regulatory update. It will have widespread implications – both in Europe, and beyond.” By licensing third party payment providers in the EU, and obliging banks to offer these new players enhanced access to customer account information (via a new “third party interface”), PSD2 will generate competition and a new wave of innovation in the payments market. If open API’s are used to build the new interface between third parties and traditional market players, PSD2 could even catalyse a new era of open banking.

To read the full article, please click here.

 

 

 

CFE’s prison entrepreneurship report featured in The Guardian

A prison entrepreneurship report by the Centre for Entrepreneurs’ (CFE) has featured in an article in The Guardian. The article, which discusses how an enterprise course could help rehabilitation, cites figures directly from the report on prisoners’ suitability for entrepreneurship, as well as the potential reduced reoffending rates in the UK following entrepreneurship programmes in prisons.

The article also discusses CFE’s successful bid to run an enterprise course at HMP Ranby in Nottinghamshire, one of the prisons under the government’s prison reform programme.

To read the full article, please click here.

ICC UK’s Chris Southworth discussing post-Brexit trade deals on Ian King Live

Last week, ICC UK’s Chris Southworth appeared on Ian King Live – Sky News, discussing the UK’s potential trade deals post-Brexit. Following the Prime Minister’s speech indicating that the UK will leave the Single Market, as well as developments at the World Economic Forum in Davos, Chris discusses the opportunities and complexities that UK exporters face operating outside of the Single Market.

To see the full clip of the interview, please click here.

TFR reports on ICC UK’s Annual Trade Finance Conference

TFR recently reported on the International Chamber of Commerce (ICC) United Kingdom’s 2016 Trade Finance Conference held in December. The conference covered a range of topics from Brexit, global economic uncertainty, and trade finance shortages, to regulation, compliance and the growth of digitisation. It provided a platform for trade finance figures in the UK and Europe to examine the new challenges and opportunities facing the global trade industry. In particular, the need to respond to growing protectionism was a key talking point throughout the event.

To read the full article, please click here.