Citi failed to force Mercuria Energy to stump up $270 million, but the crucial UK High Court ruling over metals financing will provide comfort for trade finance banks in China and users of repo agreements alike.
The ruling on a critical dispute between metals trading firm Mercuria and Citi has been posted on the UK High Court's commercial list. The long-awaited decision will be publicly available today at 2:00pm BST.
Basel III proposals requiring banks to report intra-day liquidity will severely stifle correspondent relationships, but the infrastructure could be valuable to companies.
Pham Ngoc Long, director at Grant Thornton Vietnam takes corporates through which DTA to apply when importing and exporting from Vietnam, after June updates.
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 ...