Tag: trade

BNY Mellon’s Dominic Broom explains how banks are working together to bridge Asia’s trade finance gap in TradeReady

Asia is set to contribute 60% of the world’s economic growth in 2017, driven by growing external demand as well as domestic reforms. Yet, a recent Asian Development Bank (ADB) survey estimates that approximately US$600 billion worth of trade in the region is failing to secure the financing it needs – out of a total …

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Commerzbank’s Thomas Krieger keeps his faith in the Brazilian economy

In an article for the latest edition of International Banker, Commerzbank’s Regional Head of Latin America, Thomas Krieger, offers his outlook on the Brazilian economy. He argues that, despite the country’s recent legacy of challenges, long-term prospects remain – based as they are on its trading potential.

BNY Mellon’s Dominic Broom writes for the ICC United Kingdom’s Trade Finance Conference

Although global trade has seen a decade of sluggish growth following the 2008 financial crisis, a recent rise in economic activity – particularly in Southeast Asia and certain Latin American markets – is increasing expectations for a resurgence in global trade growth. Yet two factors will be instrumental, Dominic Broom, BNY Mellon’s Global Head of …

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​Crown Agents Bank’s Albert Maasland cited in Global Risk Regulator on impact of Caribbean derisking

The Banker‘s Global Risk Regulator magazine has cited Albert Maasland, CEO of Crown Agents Bank, on the impact on the Caribbean of banks’ derisking. With the region having been “hurt disproportionately” by the withdrawal of correspondent banking services, Maasland notes that “Losing access to dollar payment capabilities for the commercial banking sector can be very, very difficult”.

Can distributed ledger technology fuel trade growth? BNY Mellon’s Renny Narvaez elaborates in FX-MM

While both trade growth and bank lending are still arguably strong, by enhancing the transparency and trust of existing and new sources of funding, there is potential for exponential growth. This is where distributed ledger technology could play a crucial role, Renny Narvaez, Senior Development Manager, Treasury Services, BNY Mellon explains in FX-MM – helping to …

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Commerzbank’s Ruediger Geis sets out a blueprint for a sustainable economy in Trade Ready

In an article for Trade Ready, Ruediger Geis, Head Product Management Trade at Commerzbank, shows how banks can lead the way to sustainable trade – pointing to education, standards and guidelines as important milestones.

ICC United Kingdom’s Chris Southworth discusses the Brexit Trade Bill on BBC Radio 4 Farming Today

Shortly after the Brexit Trade Bill entered Parliament, BBC Radio 4’s Farming Today talked to Chris Southworth, Secretary General of the ICC United Kingdom regarding his thoughts on how the Bill – and Customs Bill to follow – might affect UK trade.   Both Bills are expected to set the foundation for the UK to …

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ICC Banking Commission’s Dan Taylor explains how trade finance is changing fast in TradeReady

In an article for TradeReady, Dan Taylor, member of the International Chamber of Commerce Banking Commission’s Executive Committee, discusses why and how global trade is changing, as well as exploring the key links between trade, trade finance and value creation in the wider economy. In particular, innovative technologies encouraged by new, non-bank actors, increasing protectionism, …

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ICC United Kingdom’s Chris Southworth discusses post-Brexit trade on BBC Radio 4 Farming Today

As part of the station’s trade week, BBC Radio 4’s Farming Today spoke to ICC United Kingdom’s Chris Southworth on the possibilities surrounding the UK’s trade environment post-Brexit, and how it might affect the UK’s food and farming sector. Among other issues, Chris explained the importance of UK farming for the rest of the world, …

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The top trends in finance today: Commerzbank’s Enno-Burghard Weitzel interviewed by The Banker

In a video interview filmed at the recent Sibos conference, The Banker‘s Joy Macknight asked Enno-Burghard Weitzel, head product management trade services at Commerzbank, for his take on the top trends in finance today, including progress on blockchain, the value of the bank payment obligation (BPO) and the rise of sustainable trade.