BankingFinTech

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

  • 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
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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