The International Chamber of Commerce (ICC) Banking Commission has published the 2017 edition of its annual “Rethinking Trade and Finance” report, based on responses from banks across 98 countries.
This year’s report singles out the imbalance of demand and supply in the global market, citing the approximate US$ 1.6 trillion of unmet demand. In addition, it addresses perceived challenges to trade finance, such as compliance and regulatory requirements. In a marked shift from previous years, the report also emphasises the future of trade finance; namely digitalisation, role of banks and growth.
Following Moorgate’s outreach, news of the report was covered by: Corporate Treasurer, Asian Banking & Finance, Fintech Finance, Finextra (news article), Finextra (blog) GTR, TFR, TXF, GTNews, The Paypers and PYMNTS.