Your Monday morning coffee briefing from TFG: COP26 gets underway, with a Denmark-led agreement on low-carbon shipping, and a UK emissions disclosure agreement in the making. UK Export Finance (UKEF) also marks the occasion with a green call to action for SME exporters. Meanwhile, the Bank of England surprises markets by leaving interest rates unchanged. And Bank of America’s Baris Kalay sits down with TFG to discuss some of the irreversible changes taking place in trade finance digitalisation.
COP26 wrap-up: UK vows to become world’s first ‘net zero-aligned financial centre’
Among the most important statements made by UK delegates to COP26 was an address given by British Chancellor Rishi Sunak on COP26 Finance Day. Read more →
New ICC report proposes first global framework for sustainable trade and trade finance definitions
ICC has published a new report setting out proposals to tackle the challenge of defining and setting common standards for sustainable trade and trade finance. Read more →
COP26 with Veridapt CEO David Thambiratnam – Finance more, pollute less
Lenders are being asked to allocate more capital than ever to manage risks and seize opportunities, as the world strives to achieve net zero carbon emissions by 2050. Read more →
Standard Chartered launches new Sustainable Account solution in UK, UAE
Standard Chartered has announced the launch of Sustainable Account, a new solution that enables corporate clients to contribute to sustainable development while maintaining daily access to their cash. Read more →
Launched: The TFG Sustainable Trade Finance Hub
This hub aims to report on how companies are tackling the challenge of meeting the targets of the 2016 Paris Agreement and the 2020 Glasgow Agreement, which set a path for signatory countries to reduce greenhouse emissions. Read more →
UK Export Finance secures 20% budget hike, expands support for British exporters
As outlined in the government’s 2021 Autumn Budget and Spending Review, the budget increase signals the continued expansion of UKEF’s role in UK government finance, after providing record levels of support to British exporters in 2020-21. Read more →
VIDEO: In conversation – ITFA’s Lorna Pillow discusses recruitment, education, and women’s choices in trade finance
Speaking to Trade Finance Global (TFG), Pillow said she has overseen major changes as head of communication at ITFA, not just in the way the association presents itself, but also in terms of its reach and scope. Read more →
VIDEO: Time to engage – Bank of England’s Alastair Hughes offers advice on preparing for LIBOR transition
The cessation of the London Interbank Offered Rate, or LIBOR, will be one of the most important events affecting trade finance this year. Read more →
