The unmet demand for trade finance services yawns widely reaching more than $1.6 trillion. The ICC concludes banks alone will not solve this desperate issue.
Vietnam Bank for Agriculture and Rural Development has signed up for Swift’s Know Your Customer (KYC) Registry. Similar initiatives could help treasurers get onboarded with banks faster.
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 ...