No trade finance exemptions for British banks?
Jul 15, 2013
Europe relaxes Basel III trade finance rules
Advocates of trade finance have secured exemptions in the form of Capital Reserve Requirements IV (CRR IV) from tougher banking regulations that would have affected trade in Europe. Regulators in Asia have yet to play their hand.
Transaction bankers have long been cautioning treasurers and CFOs that Basel III regulations will raise the cost of the trade finance instruments they use. With the European Parliament’s approval of CRR IV on April 16, however, trade finance for European banks will be treated more favourably under capital rules.
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