Tag: international trade

GTR names BNY Mellon “Best Correspondent Bank” for the second time in a row

BNY Mellon has been officially crowned “Best Correspondent Bank” in this year’s Global Trade Review (GTR) “Leaders in Trade” awards. The award marks the second consecutive year that the bank has won the award since the category was introduced in 2017. Receiving the award on behalf of BNY Mellon at the GTR Awards ceremony last …

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Commerzbank’s Angela Koll guides Treasury Today through the Marco Polo blockchain project

In an exclusive interview, Koll explains how the initiative stands to revolutionise commerce and offers an update on its progress.

Crown Agents Bank’s Duarte Pedreira cited on emerging-market trade finance in Euromoney

The problem of unfinanced trade is nothing new in Africa. In an article for Euromoney, Duarte Pedreira, Head of Trade Finance at Crown Agents Bank, warns that the “real issue” underlying the African trade finance gap is that “Banks are moving more and more towards financing the same counterparties, which is creating concentration risk. Whilst …

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Vietnam and Myanmar should diversify beyond Chinese trade, suggests Commerzbank’s Agnes Vargas in Trade and Forfaiting Review

In a relatively short space of time, Vietnam has emerged from a history of conflict, partition and poverty to become an industrialised, exporting powerhouse. The economy grew by 6.2% last year, and is likely to expand by a further 6.7% in 2017. Following closely in Vietnam’s footsteps is Myanmar. One year on from the election …

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BNY Mellon’s Michelle Hui discusses the importance of collaboration for leveraging trade opportunities for Asia in The Asian Banker

Global trade is experiencing significant change, and economic and political uncertainty is impacting key trading relationships in Asia. Despite these turbulent times, recent figures indicate that growth in ASEAN, for instance, has been relatively unfazed by headwinds in 2016. That said, another particularly important trend has emerged that hampers the ability for many local companies …

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BNY Mellon discusses enhancing trade links between Mexico and Turkey in TXF

Mexico and Turkey are two countries with a number of similarities. Both have economies with great potential, are blessed with strong geo-strategic positions – Turkey as the gateway to Europe and the Middle East, and Mexico as the bridge between North and Latin America – and have seen a substantial rise in their share of …

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ICC’s appointment of BNY Mellon’s Dominic Broom to Banking Commission committee covered by specialist press

BNY Mellon’s Global Head of Trade Business Development for Treasury Services at BNY Mellon has been appointed to the International Chamber of Commerce (ICC) Banking Commission’s executive committee. Dominic Broom’s appointment is part of a series of nominations by the Banking Commission to further strengthen its regulatory advocacy and rules of arbitration. He joins the …

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BNY Mellon’s Dominic Broom features in TFR’s roundtable discussion on how to reduce the trade finance gap

Due to increased compliance checks as part of heightened banking regulations, many banks are shying away from markets that might be regarded as “too expensive”. This has exacerbated an already large trade finance gap, which recent Asian Development Bank (ADB) figures quantify at US$1.6 trillion. In a TFR roundtable discussion which examines factors influencing the …

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Beyond copper: Commerzbank’s Robert von Oldershausen outlines the next steps for the Chilean economy in International Trade Magazine

2016 marked the latest year in a long period of unusual stagnation for the otherwise resilient Chilean economy. In a feature for International Trade Magazine, Robert von Oldershausen, Senior Relationship Manager for FI Latin America at Commerzbank, explains what has held back growth, and suggests the steps the country might take to economic resurgence. In the …

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Crown Agents Bank’s trade finance appointments covered in the specialist press

Crown Agents Bank has added two new Vice Presidents to its trade finance department. Kenton Hartwell brings 25 years of trade finance experience to Crown Agents Bank, and will focus on originating trade finance from exporters/beneficiaries and from the secondary market. He most recently held senior positions in the structured trade & commodity finance department …

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