We currently live in uncertain times, both geopolitically, and from a macroeconomic perspective. TFG asked two risk management experts for their take on how businesses can navigate through this period of economic volatility.
For decades, trade document checkers at banks have mastered the crucial, time-consuming, and somewhat niche skill of manually reviewing complex documents to ensure they meet international standards.
Accordion to the ONS latest statistics release, the twelve-month trailing inflation rate in the UK rose to 9% in April – the highest level since the current ONS data set began in 1989.
If a new trade bill is passed during the current UK parliamentary term, digital paperwork could be legalised under English Law, which could be a landmark moment for the trade and export industry.
Correspondent banks are a key part of cross-border payments facilitating the flow of trade between different jurisdictions.
TFG talked to Erik van der Marel, chief economist at the European Centre for International Political Economy (ECIPE), about his predictions for the future of the global economy.
TFG interviewed Steven Beck, head of trade and supply chain finance at Asian Development Bank (ADB), to discuss how the trade and supply chain finance landscape has changed as a result of the COVID-19 pandemic.
TFG’s Deepesh Patel interviewed the new VP to learn what led her to BAFT, her view on fighting financial crime, and her insights into the progress made in the payments space.
Female-owned export companies are being unfairly excluded from receiving trade finance loans, and more needs to be done to remove gender bias from the decision-making process, according to experts at this year’s World Trade Symposium.
This article is co-authored by Marcus Lankford and Mark Abrams. In December 2021, Bloomberg reported that several banks including BNP Paribas SA, Societe Generale SA, and ABN Amro have restricted financing commodity transactions following defaults linked to the pandemic and multiple frauds.