Your Monday morning coffee briefing from TFG. COP26 wrap-up: UK vows to become the world’s first ‘net zero-aligned financial centre’. TFG launches a new Sustainable Trade Finance Hub. A new ICC report proposes the first global framework for sustainable trade and trade finance definitions. Standard Chartered launches a new Sustainable Account solution in the UK and UAE. And UK Export Finance secures 20% budget hike, expanding support for British exporters.

Trade Finance Global (TFG) has today launched the Sustainable Trade Finance Hub during COP26.

The cessation of the London Interbank Offered Rate, or LIBOR, will be one of the most important events affecting trade finance this year.

Baris Kalay, head of trade and supply chain finance for Europe, Middle East, and Africa (EMEA) at Bank of America, caught up with TFG’s Deepesh Patel at ITFA’s Annual Conference held in Bristol, England. 

Your morning coffee briefing from TFG. Boris Johnson warns there is ‘huge way to go’ at COP26. Rishi Sunak announces new UK budget. New podcast episode with Pole Star and CarbonChain on partnership. SMEs need $50tn investment to meet global net zero goals, says new HSBC, BCG report. And TFG hears from ITFA’s Paul Coles on Structured LCs, MRPAs and the LIBOR transition.

The world’s most important number is changing, and traders need to be aware of its implications.

Your Monday morning coffee briefing from TFG: The UK agrees to a historic trade deal with New Zealand – among the first of such deals in the post-Brexit era. A new ICC report estimates that full digitalisation could add $9 trillion to G7 trade by 2026. The UK Financial Conduct Authority (FCA) offers more details on its synthetic LIBOR plans. Macquarie strengthens its position as a global shipping lender, with a total market value of over $3 billion. And we hear from ITFA’s Andre Casterman and Johanna Wissing on fintech and ESG for trade finance respectively.

While some in trade finance struggle with green fatigue, ITFA’s Johanna Wissing isn’t one of them. 

We have just completed the marathon that is virtual Sibos – a festival of trade, treasury, and payments. So what better way to celebrate than to be joined by the CEO of the Banks Association for Financing Trade (BAFT), Tod Burwell.

Banks and fintechs have not always been the closest playmates, but ITFA’s Andre Casterman is on a mission to help them work together.