In a recent article in the Global Trade Review, Eleanor Wragg reports on a recent plea to the government by the International Chamber of Commerce (ICC) to “enable an immediate transition to paperless trading.” … Read More
Coronavirus May Get Trade Finance Banks Thinking about the Future of Work
From collapsing stock markets to suspended flights and lockdowns, the effects of the COVID-19 outbreak are being felt worldwide. As one response to this global pandemic, attempts are being made to “flatten the curve” by allowing employees to work from home. … Read More
A Bright Future for Trade Finance
I remember as if it were yesterday. I was sitting in my office doing what countless others were probably doing at the time: I was on a conference call. This call was with ten or twelve BAFT members representing their respective banks listening to a presentation from a company whose name I can no longer recall. They were telling us how they were going to be the first ones to do the equivalent in Trade Finance of boiling the ocean. It wasn’t easy to pay attention after they described how they were in the process of negotiating with all the major shipping companies, the key governments from the WTO, the major insurance companies, most of the fortune 500, a number of freight forwarders and on and on and on. … Read More