Bank Leumi UK’s tech event outlines key trends for 2020, covered by specialist press

On Wednesday 5th February, Leumi UK and LeumiTech, Leumi group’s technology banking arm practice, hosted a range of influential figures from the technology industry – including senior representatives from Google, Amazon and Facebook – to engage in an open discussion on the state of the tech landscape in 2020.

Led by Yifat Oron, LeumiTech’s CEO, the discussion was centred on the trends and challenges that are shaping the ever-changing tech ecosystem – including Amazon’s online retail dominance, the need for innovation to combat the ongoing high-street crisis, and the rise of artificial intelligence, among other topics.

Following Moorgate’s outreach, the news was covered by Business Money, Trade Finance Global, Financial IT, Global Banking & Finance Review.

Digital Trade Standards Initiative launches under the umbrella of the International Chamber of Commerce, covered by the specialist press

The International Chamber of Commerce (ICC) has launched the Digital Trade Standards Initiative (DSI) – a collaborative cross-industry effort to enable the standardisation of digital trade.

The ICC DSI will promote greater economic inclusion through the development of open trade standards. This will facilitate technical interoperability among the variety of blockchain-based networks and technology platforms that have entered the trade space over the past two years.

The ICC DSI will be supported by seed-funding committed by the Asian Development Bank and the Government of Singapore, in addition to ICC’s support. The ICC DSI will be run as an independent entity out of the recently-established ICC Centre for Future Trade.

The news was covered by GTR, TXF, Fintech Finance, Trade Finance Global, The Paypers, Finextra, Ledger Insights, Hellenic Shipping News, Treasury Today, TRF News, Tech Dialect, FC Legal, FinFeeds, Tecteschi, Foreign Trade, CTMfile, Global Banking and Finance Review, Crowdfund Insider, Securing Industry, KW Global Trade, Fintech News Singapore, Shipping and Freight Resource.

Planet Tracker’s Matthew McLuckie speaks to Seafood Source on investors’ exposure to deforestation-linked farmed shrimp industry

In an interview with Seafood Source, Matthew McLuckie, Director of Research at financial think tank Planet Tracker, delved into the financial risks that investors in the US$45 billion farmed shrimp industry are facing.

Shrimp farming is the cause of 30% of mangrove deforestation and coastal land use change in Southeast Asia – which is in turn threatening the ecological sustainability of the  industry, and consequently, its financial profitability.

“Investors around the world could be at risk as rules come into force preventing the importation of products linked to past and future deforestation,” says McLuckie.

According to McLuckie, neither shrimp companies nor the top 20 institutional investors report mangrove deforestation or emissions from farmed shrimp. As a result of this lack of disclosure, profit margins cannot be accurately assessed, meaning that investors cannot be confident of their risk exposure.

“These top 20 institutional investors exposed to farmed shrimp equities must insist upon greater transparency and reporting on farmed shrimp revenue from these companies because they are going to face ongoing environmental shock risks,” McLuckie continues. “These are large-scale Japanese conglomerates that are involved. This really is a global issue.”

To read the full article, please click here.

Natixis’ Jesús Castillo discusses the Coronavirus threat in interview with Dirigentes

Speaking with Dirigentes about the Coronavirus outbreak, Jesús Castillo – Natixis’ Eurozone and Southern Europe Economist – explains how “when faced with this type of crisis you see that you are very dependent on a single country.”

“We must still be very cautious when evaluating the impact that this crisis will have on European growth, because it will depend a lot on how long the crisis will last and how long Chinese suppliers, among others, will reduce their production,” adds Castillo.

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Natixis’ Emmanuel Verhoosel discusses the impact of low interest rates in PERE interview

Speaking to PERE, Emmanuel Verhoosel – Natixis’ Global Head of Real Estate and Hospitality – explains how low interest rates are driving competition in the European debt space.

“It’s not only the interest rates affecting the profitability of banks, but also the fact that there are many other sources of capital on the lending side that did not exist in Europe previously,” says Verhoosel.

Read the full article here.

Industry advocacy required to enable trade finance market access and growth, explains ICC’s Olivier Paul in Global Trade Magazine article

Writing for Global Trade Magazine, Olivier Paul – Director, Finance for Development at the International Chamber of Commerce – explains how, in the wake of the financial crisis of 2007, regulation and compliance requirements have had the unintended consequence of negatively impacting trade finance provision.

While significant work has already been done to promote the fair treatment of trade finance within banking regulations, regulations will not adapt unless all stakeholders voice their concerns.

Read the full article here.

China’s Belt and Road Is Opening Up to Foreign Companies: Deutsche Bank’s Hunter Xiong writes for BRINK

Writing for BRINK, Hunter Xiong – Head of the Belt and Road Office at Deutsche Bank – explains how, with the necessary protections in place, and the right agreements and partnerships, the opportunities for continued and sustainable development of the BRI are numerous.

Continued backing from China’s state-owned banks will be critical in helping affirm the BRI’s strength and stability, but it is the growing interest from global banks and investors that will provide the required support to fund the initiative, writes Xiong.

Read the full article here.

Natixis’ Gabriel Levy speaks to Bloomberg on trends in Europe’s primary bond market

In an interview with Bloomberg, Gabriel Levy, global head of debt capital markets for financial institutions at Natixis SA, discusses recent trends in the market.

Quick reactions “will be one of the keys to success” for borrowers venturing back into Europe’s primary bond market amid coronavirus-fueled volatility, he explains.

“The coronavirus has shown that issuers were right to move
quickly earlier this year,” he adds.

Read the full article on Bloomberg.

International Chamber of Commerce’s Olivier Paul explains how to overcome challenges to trade finance provision in article for Trade Finance Global

Writing for Trade Finance Global, Olivier Paul, Director, Finance for Development at the International Chamber of Commerce, explains how many challenges to the adoption of trade finance products still remain – such as the unintended impact of regulation and the growing cost of compliance – despite the growth in global trade flows to a new peak of US$18.5 trillion in 2018.

Market participants must work together, Paul argues, to help alleviate any unintended obstacles to the provision trade finance, especially to smaller businesses and those in emerging markets most likely to be affected by the existing US$1.5 trillion trade finance gap.

Read the full article here.

Natixis’ Alicia Garcia Herrero writes for El Confidencial about the impact of coronavirus on global value chains

Writing for El Confidencial, Alicia Garcia Herrero – Chief Economist for Asia Pacific at Natixis – discusses the impact of coronavirus, with the most long-term repercussion being the reorganisation of global value chains.

The coronavirus is testing the established model of integrated production supply chains, explains Herrero. China’s now central role in the global supply chain means any disruption will severely impact the rest of the world. Going forward, there should not be as much concentration of the supply chain as there has been so far in China as economies that depend too much on the region’s supply will be seriously affected, she concludes.

To read the full article, please click here.