Already grappling with a long-term decline in correspondent banking relationships, banks in Eastern Europe and Central Asia are concerned de-risking is accelerating in the wake of sanctions imposed on Russia. However, participants at a recent industry event believe there could be signs of positive change ahead. Correspondent banking provides a vital lifeline for regional lenders ...| Global Trade Review (GTR)
New York legislators have taken an important step towards digitalising trade in the state, adopting reforms that provide a legal basis for electronic records and digital assets. Adopted by the Assembly and Senate on June 11, the reforms bring New York in line with the Uniform Commercial Code (UCC), a model law amended in 2022 ...| Global Trade Review (GTR)
Indian financial institutions are seeking better capital treatment of trade credit insurance as part of the country’s review of trade finance. The country’s domestic banks are discouraged from offering financing products such as domestic and cross-border factoring because they do not benefit from reduced capital requirements when they use credit insurance, unlike lenders in ...| Global Trade Review (GTR)
Trump's 'Liberation Day' tariffs have sent shockwaves through markets and provoked anger from trading partners.| Global Trade Review (GTR)
