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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.
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COP26: Denmark announces greener shipping declaration signed by US, 12 other countries
An agreement has been reached by Denmark, the US, and 12 other countries on delivering a net-zero global maritime industry by 2050. Read more →
COP26: Bank of England Gov Andrew Bailey hints at emissions disclosure regime on path to net zero
Bank of England Governor Andrew Bailey has hinted that UK companies may soon be made to disclose carbon emissions data as part of the country’s push to reach net zero by 2050. Read more →
VIDEO: ‘No turning back’ – Bank of America’s Baris Kalay on trade digitalisation after COVID-19
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. Read more →
Bank of England surprises by leaving rates at all-time low, warns of 5% inflation
The Bank of England has surprised investors by voting against a rise in its benchmark interest rate, which would have been its first since August 2018. Read more →
COP26: UK government launches call to action for SME exporters to go green
UK Export Finance (UKEF), the UK’s export credit agency, has launched a call to action for British SMEs to “go green” and take advantage of renewable export opportunities. Read more →
Citi launches sustainability-linked supply chain financing in Asia-Pacific
US investment bank Citi has launched its first sustainability-linked supply chain finance (SSCF) programme in Asia-Pacific. Read more →
SWIFT Standards Release 2021 goes live on Nov 21: What you need to know
In less than two weeks the SWIFT Standards Release 2021 goes live. Nordea’s Olli Jääsaari explains what you should know about the changes scheduled for November 21st.. Read more →
UK economy ‘trapped by policy choices’ amid rising inflation, says new Euler Hermes report
A new report by Euler Hermes has found that the UK economy is “trapped by policy choices” going into the end of 2021 and beginning of 2022, against a backdrop of rising inflation. Read more →
