Tag Archive: correspondent banking

BNY Mellon’s Dominic Broom talks to The Banker on the digitalisation of trade at Sibos

During banking’s biggest week, Dominic Broom, global head of trade business development, Treasury Services, BNY Mellon talks to Joy Macknight, editor at The Banker, regarding the major challenges that global trade is facing today as well as how banks should be responding to the digitalisation of trade. The full interview can be seen here.

BNY Mellon’s Daniel Verbruggen speaks to EMEA Finance on the value of local-global bank partnerships

A growth in regulatory requirements and in the cost of compliance, have had a massive impact on the traditional correspondent banking model, with many global banks now reconsidering their relationships with regional and local banks from a compliance, credit and operational risk perspective. However in an interview with EMEA Finance, Daniel Verbruggen, managing director, head of …

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Richard Jones and Duarte Pedreira of Crown Agents Bank discuss emerging-market risks in The Banker

Faced with the regulatory compliance costs of high-risk jurisdictions, many banks have taken the derisking route – cutting down correspondent networks and retreating from certain markets. In the latest edition of The Banker, Richard Jones, CEO of Crown Agents Bank and Duarte Pedreira, the bank’s head of trade finance, offer their insights into the causes …

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BNY Mellon features in Euromoney article on the changing face of transaction banking and the surge in banking alliances

Correspondent banking is a crucial facilitator for international trade, yet due to a number of factors – including compliance demands, many banks are being forced to withdraw from some of their correspondent banking relationships. In Euromoney, BNY Mellon’s Dominic Broom (Head of Treasury Services EMEA) explains how correspondent banking has moved towards selective specialism, with non-compete local-global bank alliances …

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iGTB’s Anand Pande cited in Trade & Forfaiting Review discussing world trade and the trend for de-risking

Anand Pande, Senior Adviser in Banking at iGTB and founder of the Growth Paradigm Partnership has been cited in Trade & Forfaiting Review in an editor’s piece on world trade and issues around de-risking and reduced correspondent banking networks. In a section of the article discussing widespread concerns that the world was shrinking away from …

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BNY Mellon’s Dominic Broom cited in TXF correspondent banking feature

Correspondent banking forms much of the bedrock of international trade, allowing banks to make and receive international payments. Yet, a number of factors are forcing some banks to withdraw from many of their correspondent banking relationships. In TXF, Dominic Broom, Head of Treasury Services EMEA, BNY Mellon, discusses some of the reasons for this trend (such …

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BNY Mellon features in three articles in the latest edition of TFR

The latest edition of TFR features thought-leadership contributions from three key BNY Mellon spokespeople across three separate articles. In an exclusive piece, BNY Mellon chief currency strategist, Simon Derrick, discusses how there is plenty to suggest that the yen, rather than the euro, will weaken if levels of risk tolerance improve. To read this article …

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Where next for Croatia’s trade? Commerzbank looks at the country’s business environment in European Business magazine

The past year has seen a host of new political and economic developments for Croatia. A business-friendly government, a supportive banking sector, and a return to economic growth have all boosted the outlook for import and export trade. According to Nicolas Adamovich, President of the German-Croatian Chamber of Industry and Commerce, and Senior Representative at …

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Commerzbank looks towards a modern Bangladeshi economy in World Finance Magazine

Bangladesh’s economy continues to make progress, and is looking to cement its new status as a middle-income country. Writing in leading magazine, World Finance, Commerzbank’s Alexander Rost, Regional Head Indian Subcontinent & ASEAN, suggests that, to achieve this, a diversified economy is essential. This will require expanding new industries, reducing Bangladesh’s traditional overdependence on the …

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Commerzbank’s new East Asian heads covered by the specialist press

Commerzbank has announced the appointment of two new representatives for their offices in Taiwan and Vietnam. Hans-Kurt Schäfer (right) will head the bank’s representative office in Taipei, taking over from Thomas Debelic (left) who is to lead the Ho Chi Minh City base. Commenting on the move, Schäfer says: “I am excited to be returning …

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