Tag: Global Survey

ICC United Kingdom’s press release on how international regulation is affecting SMEs is covered by the specialist press

Regulatory requirements are having unintended repercussions on SME business growth, indicates the latest ICC Global Trade Survey. Some 87% of banks respondent to the survey reported that complying with counter-terrorism and international sanctions regulations is a “major challenge” with respect to their ability to offer trade finance. Well-meaning regulations are inhibiting access to trade finance …

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ICC Banking Commission 10th Global Survey covered by the specialist press

The International Chamber of Commerce (ICC) has released its 10th Global Survey, demonstrating that 60% of banks are moving towards greater digitalisation.  As the most authoritative review of the trade finance industry, the survey includes contributions from leading voices in the trade finance and banking industries such as the World Trade Organisation, World Bank and …

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ICC Banking Commission’s 2017 “Rethinking Trade & Finance” report covered by specialist press

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, …

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ICC Banking Commission “Rethinking trade and finance” report featured in Nordea Insights

In its most recent newsletter, Nordea Insights – the Nordic banking organisation – has published an interview covering the latest ICC Banking Commission “Rethinking Trade and Finance” report. The interview, which features responses from a number of Banking Commission Executive Committee members, delves into various aspects of the report – including digitalisation and standardisation, sustainability …

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ICC’s Doina Buruiana discussing the global shortage of trade finance in International Banker

In the latest edition of International Banker, Doina Buruiana, Project Manager at ICC Banking Commission, discusses the various ways to address the global shortage of trade finance. In particular, with slowing trade growth and 61% of respondents to ICC’s 2016 Global Survey reporting a global shortage of trade finance, the industry needs to find ways …

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ICC Banking Commission discusses the growth of digitisation of trade finance in GTNews

In a recent article for GTNews, David Bischof, Senior Policy Manager at the International Chamber of Commerce (ICC) Banking Commission, explains why trade finance must move towards digitisation in the industry. Indeed, according to ICC’s latest Global Survey on Trade Finance, there has been a slow uptake of digitisation, in part due to the size …

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ICC Banking Commission’s 2016 Global Survey reported in Moneyweb

Following the release of ICC Banking Commission’s 2016 Global Survey on Trade Finance, Moneyweb – the tier-one South African publication – has reported on the latest Survey’s findings. The Survey found that SMEs bear the brunt of the global shortage of trade finance, facing 58% of rejections for trade finance proposals. In addition, the rate …

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ICC discusses the need of diversified funding options for SMEs in World Commerce Review

Despite playing a vital role in facilitating trade – both as principal traders and as part of global supply chains – small and medium-sized enterprises (SMEs) are struggling to access funding. Indeed, data from ICC’s latest Global Survey on Trade Finance – which surveyed 482 banks across 112 countries – shows that SMEs are finding …

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ICC highlights the unique role of SMEs as boosters of trade in TXF

Following the release of its 2015 Global Survey on trade finance, the International Chamber of Commerce (ICC) talks to TXF about the importance of securing financing for SMEs in order to boost global trade. Vincent O’Brain, chair of the ICC Banking Commission Market Intelligence, discusses the impact of trade finance gaps and regulatory initiatives on …

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ICC releases its 2015 Global Survey on trade finance

Based on the feedback from 482 respondents across 112 countries, ICC’s 2015 Global Survey on trade finance provides a valuable snapshot of key market trends – enabling bankers, traders and government officials to gauge global expectations. This year, the survey highlights the impact of the trade finance gap on SMEs, the impact of regulation on …

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