ICC United Kingdom’s press release on how international regulation is affecting SMEs is covered by the specialist press

Regulatory requirements are having unintended repercussions on SME business growth, indicates the latest ICC Global Trade Survey. Some 87% of banks respondent to the survey reported that complying with counter-terrorism and international sanctions regulations is a “major challenge” with respect to their ability to offer trade finance.

Well-meaning regulations are inhibiting access to trade finance for SMEs, says Chris Southworth, ICC United Kingdom Secretary General, causing inadvertent consequences in the real economy.

The news was covered in Trade Finance Global and Business Post Nigeria.