In a recent article for TXF, Henri D’Ambrières, Senior Technical Adviser on the ICC’s Trade Register, explains how the recent Trade Register findings provide the most comprehensive and conclusive evidence of low-risk trade finance to date.
He explains that the data – which presents a particularly positive image of the trade finance industry – is extremely reliable. Each year, the Trade Register goes from strength to strength in both size and scope, increasing its coverage of transactions and including more banks. The data is also scrutinised in a data filtering process, involving a critical evaluation of the data quality. D’Ambrières argues that the Trade Register should provide a much-needed empirical basis for discussions regarding financial regulation among industry stakeholders.
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