ICC – renowned for its global standards that enable trillions of dollars of cross-border transactions each year – has announced the operational launch of a major new initiative to ensure the benefits of digital trade can be realised by everyone, everywhere.
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ICC has warned that proactive government interventions will be needed to ensure the market can power an economic rebound in the wake of the COVID-19 crisis.
ICC Trade Register reflects on the impact of COVID-19 on global trade, while affirming trade finance’s decade-long low-risk profile.
ICC has issued a collection of rapid response measures by trade finance banks to keep trade finance and trade flowing in the face of COVID-19.
ICC has issued two guidance publications to help governments and regulators deal with trade finance market disruptions caused by COVID-19.
The 2020 ICC Banking Commission Annual Meeting taking place in Dubai on 20-23 April will examine the role of technology in trade finance with a dedicated Fintech Showcase.
ICC Banking Commission hosted its annual technical meeting in Paris covering digital rules, standards for trade finance and updates from key working groups and task forces.
Last week, ICC, together with the Governments of Antigua and Barbuda, Botswana, Canada, Ireland, Kenya, and Samoa convened a high-level dialogue on correspondent banking – with the aim of bringing the harmful effects of current market trends to the fore on the global agenda.
From the introduction of alternative trade finance providers to the growing interest in blockchain, the banking industry continues to undergo change.
In case you couldn’t make it to Beijing, here are three key takeaways from the first day of the ICC Banking Commission’s 2019 Annual Meeting.