Engaging in world trade holds enormous potential for business yet many companies, especially small- and medium-sized enterprises (SMEs), depend on access to banking services in order to unlock new markets. Trade finance allows companies to mitigate the risks associated with importing or exporting goods and services, permitting world trade to flow in a predictable and secure manner.
The following activities are coordinated by the UK Banking Committee.
Our commitments for 2018 are as follows.
ADVOCACY & FINANCIAL INCLUSION
- Launch a new ‘Access to Finance’ campaign to promote the benefits of a more proportionate regulatory regime for the treatment of low risk trade finance.
- Combine the UK Trade Finance and Supply Chain Conferences to promote innovation and further develop London as a global platform for the voice of trade related finance.
- Strengthen the voice of UK finance community at the World Bank, International Monetary Fund, UN Financing for Development Office and G20.
- Work with the ICC Banking Commission, WTO and digital trade stakeholders to develop the ‘Roadmap for Digital Trade’, build a repository of case studies and foster more dialogue between tech, banking and telecoms companies.
- Continue to support the role of the UK Technical Opinions group in providing world class expertise to ICC.
- Foster dialogue between banking and anticorruption experts to tackle financial crime.