The Prudential Regulation Authority (PRA) has released its second policy statement on the implementation of Basel 3.1, set to take effect in January 2025.

The trade finance industry is at a unique juncture. Growth is driven by advancements in data, artificial intelligence (AI), and global client engagement. Its pace is undeniably exciting.

Deepesh Patel, Editor at Trade Finance Global, was joined by Sian Aspinall, Group CEO, BPL Global Board Member, Insurance Committee at the International Trade and Forfaiting Association (ITFA), at ITFA’s 50th annual conference in Cyprus.

A pilot program led by the Asian Development Bank (ADB) has demonstrated a promising new approach to combating trade-based money laundering (TBML). This vast and underreported financial crime enables the flow of illicit funds through the global trade system.

Its central persona, of a girl who “feels like herself but maybe also has a breakdown, but […] parties through it”, has reinvigorated the US presidential race (and found its… read more →

At ITFA’s 50th annual conference in Cyprus, Deepesh Patel, Editorial Director at Trade Finance Global, spoke to Marie-Aude Vesval, Global Unfunded Risk Participation Leader, Credit Specialties at Marsh. They discussed Master Risk Participation Agreements, or MRPAs.

Trade Finance Global (TFG) is set to host an exclusive roundtable webinar entitled “Launching a New Credit Insurance Venture: A Comprehensive Guide.”

Unpredictability is a defining characteristic of today’s trade finance scape. In this regard, the need for insurance cannot be understated. Speaking to Trade Finance Global’s Deepesh Patel at ITFA’s 50th… read more →

Fitch Ratings has upgraded Turkiye’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘BB-‘ from ‘B+’, citing improved external buffers and reduced contingent foreign exchange (FX) liabilities. The outlook is stable.

In Georgia, the high costs associated with providing banking services to SMEs and stringent creditworthiness or collateral requirements pose