GTR eNews: October 5th
GTR's weekly eNews brings you the latest from the global trade and trade finance industry, brought to you by GTR's award-winning editorial team. Subscribe to The GTR Bulletin LinkedIn Newsletter or receive updates directly to your inbox by subscribing here.
Top Stories
Coal trader wins appeal in trade sanctions clash with JP Morgan
A coal trader has won an appeal against JP Morgan after the bank refused to make payments under two letters of credit out of fear it would result in a violation of US sanctions on Syria.
IBM takes another shot at trade digitisation after demise of we.trade, TradeLens
Technology giant IBM is once again venturing into the realm of trade digitisation, armed with a revamped strategy following the high-profile failures of two of its flagship initiatives.
Attention on nature-based risks ramps up for corporates, FIs
The risks posed by the loss of nature and biodiversity to businesses and financial institutions are coming under mounting scrutiny, with the release of a raft of new recommendations.
Swift at Sibos: “Our strategy for trade is not about boiling the ocean”
GTR speaks to Shirish Wadivkar, who took on the role of global head of wholesale payments and trade strategy for Swift in September last year, to gain an insight into its current priorities.
Feature of the week
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Africa trade report: Not out of the woods yet
Although Africa is set to post above-average economic growth this year, sluggish demand from major export markets and the continued impact of the Russian invasion of Ukraine are weighing on its trade prospects.
Other stories
Contributed articles
Narrowing the African trade finance gap: Making capital go further
BACB’s Damian Austin, chief banking officer, and Clint Eastwood, head of asset distribution & syndication, explore how specialist banks are working to address Africa’s shortfall in trade finance – and the role of distribution in supplying additional liquidity.
The African FX market: Current and future opportunities
Exploring Crown Agents Bank’s role as an aggregator in the FX and payments landscape, Duarte Pedreira, head of international development organisations and trade finance, discusses operational advantages, trends in African debt management and liquidity shortages.
The critical importance of trade credit and liquidity in Africa
Global efforts to boost African trade finance for sustainable economic development are hampered by western banking regulations, reforms and behavioural economics, which, according to George Wilson and Derryn Faure of Investec Bank Limited, hinder real progress for Africa.
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