Robust regulation could support Latin America’s energy transition, writes S&P Global Ratings’ Julyana Yokota in World of Renewables

The presence of new administrations across Latin America has mounted concerns over whether wholesale regulatory and policy reform could fundamentally alter the pace of the region’s energy transition.

But Julyana Yokota, senior director and sector lead, Infrastructure and Utilities, Latin America, S&P Global Ratings, recently wrote for World of Renewables, to highlight that the region’s robust regulatory frameworks will, in fact, likely support the region’s transition to renewable energy.

“Frameworks for the energy sector are becoming more robust, with energy utilities operating under increasingly credit-supportive regulatory frameworks,” Yokota argues. “Coupled with growing political support, we may see promising conditions for the energy transition to take hold.”

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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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What will the the migration to ISO 20022 mean for market participants? Deutsche Bank’s Christian Westerhaus explores in an article for TMI

Writing in TMI, Deutsche Bank’s Christian Westerhaus explores the opportunities and challenges presented by the migration to ISO 20022.  To meet the challenge, banks, corporates and financial stakeholders must fully commit – allocating budgets, resources and project teams to allow their operations to meet the higher standard.

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What can be done to close the global trade finance gap? BNY Mellon and GTR ask industry experts their views

Following the recent launch of its global survey, Overcoming the Trade Finance Gap: Root Causes and Remedies, BNY Mellon, in partnership with GTR, invited industry experts to take part in a virtual roundtable to examine and build upon the findings. The participants were Joon Kim – Global Head of Trade Finance Product and Portfolio Management, BNY Mellon Treasury Services; Maurice Iskandar – Assistant General Manager, Head of International Division, Banque Libano-Française; Olivier Paul – Head of Policy, ICC Banking Commission; Fernando Pierri – Global Head of Trade Services, Banco Santander Brasil; and Michael Lim – Head of Financial Institutions, Transaction Banking, ANZ.

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BloombergNEF interviews Natixis’ Orith Azoulay on the bank’s integration of climate risk into its credit decision-making process

In an interview with BloombergNEF, Orith Azoulay – Global Head of Green and Sustainable Finance at Natixis CIB – discusses the bank’s incorporation of climate risk into its credit decision-making process. Natixis is working to improve the environmental impact of its balance sheet and align over time with the Paris Agreement by applying a colour rating to each deal that it does with every sector worldwide, apart from the financial sector.

Speaking about the idea behind the Green Weighting Factor, Azoulay notes that the internal mechanism “links analytical capital allocation to the degree of sustainability of each financing” and its objective is to “measure, monitor and steer the progressive greening” of Natixis’ activity.

The bank has announced the intention to share this mechanism with the market, as all banks will need to look into how they evaluate the environmental impact of their activity.

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Deutsche Bank uses Distributed Ledger Technology to provide global transparency

Deutsche Bank securities services has announced that it has successfully piloted a solution using distributed ledger technology (DLT) to enable further automation of custodial services.

Jeslyn Tan, Global Head of Product Management, Securities Services said of the initiative: “We are very excited about the opportunities that this solution, and the underlying technology, can bring for our future service model. We continue to remain focused on delivering products that increase efficiencies in the value chain, providing relevant and tangible benefits for our clients”

The news has been covered by: Global CustodianAsset Servicing TimesThe BlockchaincryptocryptonewsFinextraPostTrade360, Markets Media, Securities Lending TimesFinancial ITUpcrypto and Fintech Finance

Why Southeast Asia’s global trade moment has arrived: BNY Mellon in Asia Outlook

Southeast Asia is not only thriving as a manufacturing centre, it is likely to  benefit hugely from China-U.S. trade tensions. In an article for Asia Outlook, Arnon Goldstein, Regional Head of Relationship Management APAC, and Joon Kim, Global Head of Trade Finance Product and Portfolio Management, BNY Mellon Treasury Services discuss how its banking sector will need to keep pace – and may need external help to leverage the potential opportunities.

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Unilever to leverage Deutsche Bank’s digital signature solution

Deutsche Bank has announced Unilever as the recent user of its digital signature solution for global cash management activities with the bank. The solution is expected to facilitate a reduction in costs and processing times for account openings,  document signings and product purchase, thereby assisting both clients and the bank in contract management.

Philip Sasse, Vice President and Global Head of Treasury Operations at Unilever said, “Our Treasury team is constantly looking for new technologies to help us operate as efficiently as possible. Our global footprint means that it is crucial to continuously streamline, simplify and automate processes with our banking partners in order to be future-fit. Deutsche Bank’s e-signature solution will simplify the process of signing documents, freeing up time to spend on more value-added activities, at the same time supporting our sustainability agenda by going paperless.”

The news was covered in: The Global Treasurer, IBS intelligence, Finextra, FC Legal Treasury 360 and TMI

BNY Mellon examines how technology can be leveraged to optimise Asian trade in Asian Banking & Finance

In an article for Asian Banking & Finance, BNY Mellon Treasury Services’s Arnon Goldstein, Regional Head of Relationship Management APAC and Joon Kim, Global Head of Trade Finance Product and Portfolio Management, discuss Asia’s role as a trade engine, and the role of technology – and banks – in supporting its trade potential.

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How is regulation driving a banking transformation? Deutsche Bank explores in new whitepaper

Deutsche Bank has released the second edition of its white paper, “Regulation driving banking transformation”. The paper assesses the impact of three key trends in the financial industry: Can the increased product offerings and upscaled customer service of Fintechs alter the incumbent players’ business models and even the financial market structure itself? As BigTechs turn their attention to financial services, should regulators be more vigilant when it comes to competition and data protection rules? Is regulatory clarity setting a path for the development and evolution of the crypto assets market?

The paper calls for a regulatory environment that supports the safe and robust development of each trend – concluding that regulation will play a key role in shaping the face of this newly emerging landscape, defining the trajectory of change.

The news was covered by: TMI, The Asset, TXF, The Paypers, Business Money, Trade Finance Global, The Corporate Treasurer, TRF news, FS tech