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Pressure builds on global transaction banking
08 September 2011
With sovereign debt problems and talk of a ‘double dip’ recession, as well as major issues such as Basel III, banks and global transaction banking are being placed under ever increasing pressure. Jonathan Bell asks several trade finance heads how the sector is placed to meet the challenges ahead.
Read more:
transaction banking
supply chain finance
trade finance
Basel III
global financial crisis
intra-Asian trade
trade finance distribution
trade finance securitisation
The banking industry is facing some particularly tough challenges at the present time, and there is inevitably going to be some fallout in some sections of the banking world. But for the trade finance market, which consistently pushes and pulls global trade flows like a goods yard locomotive, there is always work to be done. Just how much work depends in which yard you are in.
Throwing a spanner into the yard and the whole picture at the same time is the voice of the controllers or regulators of trade. This raises its head as Basel III – set to come into force in 2018 – and emanates from the Bank for International Settlements (BIS) in Switzerland. Much discussion still needs to take place on this proposal so that trade finance is not impacted detrimentally.
For the time being, on a global basis for trade, Asia continues to be the driving force,...
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