Region - Global
Huge jump in SCF market
A new survey shows that supply chain finance (SCF) is growing at 30 to 40% .
China banks behind on commodities
Chinese banks won’t provide competition to the dominant western banks in the commodity finance space for “three to five years”.
A panel at Exporta’s Europe Trade & Supply Chain Finance Conference in Hamburg said the banks are currently interested in supporting the flow of commodities into China, but are not yet serious competition to the likes of Deutsche Bank, ING and Société Générale.
Agri promotion at ABN Amro
Suzanne Larsson-Nivard has been appointed global head of agri-commodities at ABN Amro.
Scepticism over trader house rules
The news that commodities trading houses may face sterner regulation has been met with scepticism in the industry.
Earlier in May, the Financial Stability Board (FSB) established by the G-20 to tighten up global financial regulation, suggested that regional and national regulators explore whether traders should be more tightly-governed.
Roberts returns to Citi
Stuart Roberts has joined Citi as the global head of trade sales.
Corporates slow to embrace BPO
There has been a muted response among corporates to the idea of using the bank payment obligation (BPO).
Fimbank appoints Marnell
Fimbank has appointed Michael Marnell as senior vice-president, head of SCTF.
Robinson signs on at HSBC
Ex-RBS Emea trade sales head Louis Robinson has joined HSBC as global head of trade sales for key account clients.
Hermes and HSBC in global tie-up
HSBC has signed a deal with Euler Hermes which will see it only offer Hermes TCI to its customers.
StanChart partners with CDC
Standard Chartered and UK development institution CDC have signed a US$100mn risk participation arrangement.
Barclays promotes Tan and Roberts
Barclays has made two senior appointments to its global trade team.
Treasurers must communicate risk
Communication between banks and clients must improve in the face of increasing regulation.
HSBC bolsters GTRF team
HSBC has made three additions to its global trade and receivables (GTRF) management team.
Commodities prices flatlining
Commodities prices are expected to stay muted for the coming quarter.
ABN Amro’s Quarterly Commodity Outlook predicts that the decline in oil prices that started in February will continue for the next few months. Hans Van Cleef, energy economist at the bank, tells GTR that as the heating season ends, oil prices could drop by 10% over the next few weeks.
SmartStream to support Swift tool
SmartStream now supports Swift’s global electronic trade solution (GETC).
