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.
Basel III proposals requiring banks to report intra-day liquidity will severely stifle correspondent relationships, but the infrastructure could be valuable to companies.
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 ...