There have been a number of recent shocks to the trade finance sector which have caused banks to be more risk averse which is creating new challenges for corporates and client banks.
This panel will consider the effect of the pandemic, fraud and new ESG priorities on trade finance, and the difficulties faced by corporates and client banks in securing financing in this higher risk environment.
How are these factors transforming trade finance?
The knee-jerk response to the pandemic has highlighted the weakness in trade finance options available to suppliers. With many banks responding with successful working capital initiatives being promoted to keep trade moving, should banks and corporates be looking at working capital initiatives beyond the pandemic?