-
Global Internet Advocacy Programme
Our core objective is to promote digitisation, sustainable trade finance and regulatory compliance.
ICC policy fora are our vehicles to build national and international consensus on business positions and rules supported by a variety of events and activities with business groups. governments, and wider stakeholders.
____________________________________________________________
KEY WORKSTREAMS
See our banking programme for a full summary of services and workstreams.
Key projects
- Monitoring of regulatory developments in relation to financial crime and evaluation of possible consequences for the trade finance industry
- Regulatory advocacy and interaction with regulators on trade related financial crime issues (as required)
- Education of trade finance practitioners and compliance teams on those developments and necessary actions
- To promote an industry-wide consensus on a common view and definition for sustainable trade finance, to dis-encourage further inaccurate use of the term or greenwashing.
- Encourage awareness and understanding of sustainability in the area of trade finance by promoting best practices and their implementation, in anticipation of potential official regulations and in line with more conscious and demanding customer expectations.
- Provide guidance for sustainable trade finance operations, including specific procedures to identify sensitive sectors and commodities and evaluation criteria to evaluate available standards and certification requirements.
- Monitor the development of other industry initiatives around environmental and social risks and finance provision.
- Maintain regular dialogue with ICC Country representative bodies to ensure consistency of approach and standards setting.
- Gradually initiate and advance efforts in advocacy for preferential treatment from capital perspective with regulators, for sustainable trade finance and supply chain finance.
- Work with the ICC network to promote the dissemination and use of the ICC Digital Trade Roadmap as a practical tool to modernise national laws, establish interoperable digital standards and industry adoption of digital systems and processes.
- Support the launch of the ICC Digital Standards Initiative and creation of new interoperable digital standards for trade
- Work with government to reform English law and enable paperless trade through the digitisation of trade documentation – specifically bills of title.
INTERNATIONAL POLICY FORUMS
We actively engage in the following international fora:
- ICC Banking Commission
Institutional Focus
Institutional engagement centres on the following bodies:
- United Nations
- B20/G20
- World Trade Organization
- UNCITRAL
UK Policy Forums
Two for a provide the platform in which we organise programme activity with a strong read across to our finance, trade and commercial law fora.
- ICC Banking Committee