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ICC: Announced the creation of a new Advisory Group on Trade Finance

September 7, 2020

Announced the creation of a new Advisory Group on Trade Finance (ATF) a cross-sectoral coalition of leaders in global trade
The ATF co-chaired by Victor K. Fung, Chairman of the Fung Group, and Marcus Wallenberg, Chair of SEB will work to inform policy reforms
Despite impressive early actions taken by commercial banks and public bodies in response to the initial phase of the crisis
The European Bank of Reconstruction and Development recently reported that it has provided a unprecedented €1.8 billion in market
Trade finance is the critical enabler of international trade and key to the revival of the global economy and job creation post COVID-19
The initiative will culminate with a review of its impacts on 15 November 2021 in Hong Kong, conditions permitting