News Column

RBS-Global trade on the up says ICC survey

July 22, 2014



ENP Newswire - 22 July 2014

Release date- 21072014 - Global trade has risen this year and there is more financing available for it, according to an International Chamber of Commerce (ICC) survey of market players sponsored by RBS.

The annual survey - Rethinking Trade & Finance - confirms that global trade is rising and predicts it to reach an annual growth rate above 5 per cent in 2016. Meanwhile, more than two-thirds of respondents reported that more trade finance was available.

'much still needs to be done to stabilise the global financial system and restore growth in many regions'

ICC Banking Commission Senior Policy Manager Thierry Senechal

But ICC Banking Commission Senior Policy Manager Thierry Senechal writes in his introduction that 'much still needs to be done to stabilise the global financial system and restore growth in many regions'.

He adds: 'In particular, we noted that financial institutions are making significant changes in response to regulatory actions and increasingly far-reaching global financial crime regulations cutting across legal, risk, operations and tax functions in the industry.'

Published since 2009, the survey provides industry leaders with independent, in-depth analysis of trade finance trends. It is based on interviews with representatives from 298 banks in 127 countries.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: ENP Newswire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters