The Bank of England has postponed implementation of the final set of Basel banking regulations for one year, citing concerns over potential competitive disadvantage for banks if the Trump administration adopts a lighter application of the rules, or abandons them altogether. Known in the UK as Basel 3.1, the regulations largely maintained existing capital treatment ...| Global Trade Review (GTR)
Climate campaigners are urging the White House to block the Export-Import Bank of the United States (US Exim) from supporting fossil fuels on “national security” grounds as the agency weighs a US$743mn petrochemical project in Malaysia. In recent months, US Exim has faced growing scrutiny over its ongoing backing for fossil fuels with two members ...| Global Trade Review (GTR)
Financial backers are continuing to assess whether they should reaffirm their support for a multi-billion-dollar LNG project in Mozambique as operator Total looks to restart work. The project was suspended in 2021 after insurgents known as the Islamic State Mozambique attacked Palma, a town in the northern province of Cabo Delgado. Total declared force majeure ...| Global Trade Review (GTR)
US President Donald Trump has wasted little time in kickstarting the leadership transition process at the country’s export credit agency, making three senior appointments on the first day of his new term.| Global Trade Review (GTR)
Export credit agencies (ECAs) are increasingly channelling support for energy deals to high-income countries as they shift to renewables, a study has found, further shrinking poorer nations’ access to energy finance. Wealthy nations have driven a sharp rise in export credit support for renewable energy technology in recent years, but a study published today in ...| Global Trade Review (GTR)
