Casterman Advisory’s Post

The move towards digitalisation in global trade is not just a trend but a necessary evolution: one that promises to improve efficiency and reduce costs. For daily news and analysis subscribe to the www.bankingpeek.com newsletter. #Banking #Finance #Fintech

BNY and Mizuho Bank Announce Landmark Agreement to Collaborate for Trade Services Jennifer Barker, Global Head of Treasury Services and Depositary Receipts at BNY says, “Cross-border trade is essential to economic growth, and trade finance solutions provided by banks have proven to be vital in helping companies do business and manage risks. With connectivity to over 4000 bank branches globally to facilitate cross-border trade, we are proud to work with Mizuho Bank to enhance international trade network access offering, supporting our clients to scale their businesses.”  https://lnkd.in/eBFypa7d TSUTOMU YAMAMOTO Florence Chan Anneliese Diedrichs Robin Vince Dermot McDonogh Wahlstrom Anna Manners Cheryl Gilberg Aiko Watanaki #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

The move towards digitalisation in global trade is not just a trend but a necessary evolution: one that promises to improve efficiency and reduce costs. For daily news and analysis subscribe to the www.fintechpeek.com newsletter. #FinTech #Payments #Finance

🔍 Roundtable Discussion: "Are We Doing Enough to Bridge the Trade Finance Gap?" 📅 On September 5, 2024,  in Limassol, Cyprus, the next highlight of ITFA’s 50th Annual Conference was a roundtable dedicated to exploring strategies to bridge the trade finance gap intensified by global challenges. Moderated by TFG’s Deepesh Patel, the participants of this discussion are: Baihas Baghdadi, CEO & Founder, TRADE & WORKING CAPITAL George Bellord, Director, BPL Cruz González Agrelo, Head of Lenders Solutions Team Europe & Global Head of Receivables and Supply Chain, WTW Swaroop N L N, Global Product Head – Sustainability, Innovation, FIs & Asset distribution – Global Trade and Receivables Finance, HSBC Khilola Turaeva, Head of Trade Risk Distribution, EMEA, Bank of America Patrik Zekkar, CEO, Enigio Sean Edwards, Chairman of the International Trade Forfaiting Association (ITFA) Harsha Mehta, EMEA/LatAm Trade Asset Distribution, Citi The discussion covered several key areas: 📊 Trade Credit Insurance: Strategies for brokers and underwriters to manage risk and enhance capacity, overcoming regulatory hurdles like Basel III, leveraging technological advancements such as AI and big data, and evolving insurance markets. 🌐 Supply Chain Finance (SCF): Approaches for global banks to enter emerging markets, fostering SCF growth, benefits and challenges of syndication, and innovative solutions to improve market capacity. 💻 Digital Trade Documents: Progress in digitalisation, overcoming legacy systems, the need for interoperability, and the impact on SMEs, supported by regulatory measures. 🏦 Private Credit Access: Impact of the shift to non-bank financial institutions (NBFIs), growth in the NBFI market, strategies to boost private credit access, and enhancing collaboration between banks and NBFIs. 💡 The session aimed to highlight practical solutions and collaborative efforts to improve trade finance access and address existing gaps. 🔔 Stay tuned for more updates and exclusive content, brought to you by TFG, proud media partners of the event. Deepesh Patel | Mark Abrams #itfacyprus2024 #marketupdate #collaboration #bridgingthegap

BANKING NATIONALISM the view that domestic companies are there to serve the domestic interest – which is one definition of economic nationalism – is particularly entrenched with respect to the banking sector...the basic storyline is simple. The original sin of financial fragility in Europe is banking nationalism: the symbiosis of governments and national banking sectors. Banks help fund home-country governments and accept ‘state guidance for their lending in matters of national interest’. In exchange, banks and their creditors are offered bailouts in crises... In return for national government patronage, European banks often found it natural or inevitable to facilitate state financing, to direct credit to government-favoured companies, sectors or projects, and to support government policies and strategies domestically and abroad. The ways these relationships formed and developed varied widely across European countries. In many cases, they meant lower benefits for savers and other stakeholders in the banking system, a pattern that economists refer to as ‘financial repression’. Conversely, ‘banking nationalism’ is an imprecise but useful umbrella expression to summarise the inclination of governments to protect and promote national banking champions in the history-laden European context. Banking nationalism and national financial repression remain prominent in the way many European policymakers think about their economies and financial systems, and represent major obstacles to the completion of banking union...

BNY and Mizuho Bank forge collaboration to strengthen global trade services Read the full article: https://bit.ly/3YIPcee At Sibos 2024 in Beijing, BNY and Mizuho Bank jointly announced an agreement to collaborate on enhancing global trade services, further solidifying their positions in the international trade finance landscape. The partnership aims to leverage BNY’s extensive network and Mizuho Bank’s growing corporate client base to create seamless and efficient trade finance solutions for their customers. Joon Kim, Global Head of Trade Finance, Working Capital and Portfolio Platform at BNY, described the non-competing collaboration as an organic evolution of discussions that began in the summer of 2023. “We are always looking for ways to collaborate from a correspondent banking and trade finance perspective,” said Kim. One of the core topics was the management of relationship management applications (RMAs) to exchange messages in trade finance between the two institutions. This leverages the BNY Trade Network Access Service, which facilitates global trade by providing Mizuho Bank flexible and scalable access to BNY’s robust correspondent banking network. Kim noted that the partnership was strategic for helping Mizuho expand global trade operations. “Both banks found significant value in reaching more international access points and leveraging our assets, which led to the formalisation of this collaboration,” he added. Ashutosh Kumar, Mizuho Foo Boon Ping 胡文彬, Cindy Yu, Eunice Foong, Chris Kapfer, Ruoxin Qi, TAB Global, TABInsights #TradeFinance, #GlobalTrade, #BankingInnovation, #FinancialServices, #InternationalBanking #BNY, #MizuhoBank, #BNYMellon, #Mizuho #DigitalTransformation, #BusinessPartnership, #TradeSolutions, #CorporateBanking, #ClientCentric, #TransactionBanking #Sibos2024 #TheAsianBanker #TABGlobal

Great to see that our paper “Universal banking powers and liquidity creation” is now available in the online first article series of Journal of International Business Studies (FT-50, ABDC A*, Scopus Q1) with invaluable contributions and co-authorship of Allen N. Berger, Omrane Guedhami, Xinming Li, and Daxuan Zhao. Happy to see that well-improved version of Chapter 2 of my Ph.D. Dissertation has found a great home. Main takeaways: · Universal banking powers that give permissions for a nation’s commercial banks to also engage in investment banking, insurance underwriting, and/or real estate investment activities boost domestic bank liquidity creation. · We find support for international arbitrage, that is, the foreign subsidiaries of banks from more restrictive countries create more liquidity in host countries with fewer restrictions. · These findings are robust to endogeneity, controls for bank regulations, macroeconomic conditions, and institutional variables, and subsample analyses. Here is the link for our paper: https://lnkd.in/g9hPNY-N

New research from the Fair Banking for All campaign finds that a Fair Banking Act could lead to a 13x increase in the level of annual lending by purpose-driven finance institutions, from an estimated £250m per year now, up to £3.3bn per year. We were very pleased to support the research and look forward to seeing how this campaign develops. The entire financial services sector, government and regulators all have a role in driving financial inclusion, and interventions like a Fair Banking Act could offer a way forward. https://lnkd.in/eMcG9z2N

Trust matters in international trade. With Suisse Bank’s #DocumentaryLettersOfCredit, we handle the liabilities, ensuring payment upon condition fulfillment. Secure your deals with our trusted financial backing! Learn more: #InternationalTrade #SuisseBank

Cross-border payments remain focus for Fed Tools that automate processes, reduce costs, and promote effective safeguards across jurisdictions could enhance cross-border payments. Cross-border payment services provide faster, cheaper, transparent, and inclusive options, benefiting citizens and economies worldwide, potentially supporting economic growth, international trade, global development, and financial inclusion. The multilayered, cross-jurisdictional, and multi-currency cross-border payments system could be simplified to reduce complexity, speed up payments, and increase costs. Private and public sector are collaborating to enhance the cross-border system, offering technological tools for a new digital system that could be beneficial. #crossborderpayments #BankingTransformation #realtimepayments https://okt.to/LIRvBx