Your Monday morning coffee briefing from TFG:
Euro hits parity with US dollar for the first time in 20 years
Euro-Dollar: “mother of all battles” underway at parity
Why Vietnam is more attractive than ASEAN-4 as a manufacturing alternative to China
Podcast: Fraudbusters – MonetaGo’s CEO on tackling duplicate financing fraud in trade finance via the Trade Finance Registry
Derisking and the unintended consequences of cutting correspondent banking lines
Reserve Bank of India greenlights cross border trade transactions in rupees
Phytosanitary and sanitary platform ePing launched by WTO and partners to reduce technical barriers to trade
NIBC shipping portfolio surpasses €1b milestone
DCSA begins final phase of eBL platform interoperability proof of concept
Global banks report declining operational risk gross losses in 2021 despite market turbulence
Euro hits parity with US dollar for the first time in 20 years
After weeks of speculation and predictions of the euro’s value hitting parity with the US dollar, it finally happened this week, and the world noticed. Read more →
Euro-Dollar: “mother of all battles” underway at parity
For the third day in succession, a test of the psychologically important parity level in Euro-Dollar is underway, but a significant layer of options barriers could yet mean the exchange rate closes above this level again. Read more →
Why Vietnam is more attractive than ASEAN-4 as a manufacturing alternative to China
Over the last decade, Vietnam has become a top destination for investment in manufacturing. This has led many to wonder why Vietnam is such an attractive destination for investors. Read more →
Podcast: Fraudbusters – MonetaGo’s CEO on tackling duplicate financing fraud in trade finance via the Trade Finance Registry
TFG spoke with Jesse Chenard of MonetaGo to find out solutions to duplicate financing fraud. Read more →
Derisking and the unintended consequences of cutting correspondent banking lines
Elitza Kavrakova from Raiffeisen Bank International AG discusses how commercial bankers have not seen much improvement in the process of de-risking. Read more →
Reserve Bank of India greenlights cross border trade transactions in rupees
Indian exporters and traders can now accept payment in Indian Rupees (INR), rather than US dollars, according to new rules introduced by the Reserve Bank of India. Read more →
Phytosanitary and sanitary platform ePing launched by WTO and partners to reduce technical barriers to trade
An improved version of the online alert system ePing launched on 13 July, facilitating tracking of sanitary and phytosanitary (SPS) and technical barriers to trade (TBT) measures. Read more →
NIBC shipping portfolio surpasses €1b milestone
This year, NIBC’s shipping activities have seen a steady growth of financings and, as a result, has surpassed the EUR 1 billion milestone. Read more →
DCSA begins final phase of eBL platform interoperability proof of concept
Digital Container Shipping Association (DCSA) announced phase two of its electronic bill of lading (eBL) platform interoperability proof of concept (PoC). Read more →
Global banks report declining operational risk gross losses in 2021 despite market turbulence
Global loss figures published by operational risk association ORX, reveal a decline in total gross loss across the banking community. Read more →
