UK Banks: Upbeat and ready to lend?
In light of April’s G-20 talks and announcements of large-scale packages aimed at revitalising world trade, the feeling among UK banks brought together by GTR for a roundtable was far more upbeat than perhaps it might have been six months ago.
Looking at the whole spectrum of the trade finance market, participants discussed both UK and global efforts to kickstart trade and get liquidity flowing again.
Despite a degree of optimism, there were concerns raised that the UK government, and its export credit agency, ECGD, still need to do more to match global efforts to support exports.
If not, the UK market could be left behind as more attractive financing opportunities present themselves elsewhere.
The roundtable was kindly hosted by HSBC.
