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Barclays claims EU capital rules are restricting trade finance
27 January 2012
Barclays’ global trade finance head states Basel III regulations and CRD IV will limit the availability of trade finance for European SMEs.
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CRD IV
Basel III
trade finance
project fiannce
capital rules
SMEs
The European Union implementation of Basel III rules on capital requirements risks jeopardising the provision of trade finance with the greatest impact on Europe’s SMEs, according to Barclays.
At a roundtable discussion at the European Parliament yesterday hosted by Bendt Bendtsen MEP and co-hosted by Barclays and the UEAPME (European SME umbrella organisation), Barclays spoke about the profound impact new EU rules for capital requirements (CRD IV and CRR) would have on the ability of SMEs to export.
Kah Chye Tan, global head of trade and working capital at Barclays, said that much of Basel III would help to make the banking system safer...
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