Newsletters


ITFA SHARES THE LATHAM & WATKINS MEMORANDUM OF ADVICE IN RELATION TO CREDIT RISK INSURANCE, May 2024

Thursday, May 2nd, 2024

The memo was commissioned by the ITFA Insurance Committee to support the EBA with its report to the European Commission on credit risk insurance and the industry’s ongoing regulatory advocacy efforts to see a better capital treatment for credit insurance used as eligible credit risk mitigation under Basel III.

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CHAIRMAN’S MESSAGE – Sean Edwards, ITFA Chairman, April 2024

Monday, April 29th, 2024

In another bustling month at ITFA, we witnessed a myriad of remarkable achievements and activities. April commenced with events in Dubai, marking the beginning of a series of engagements that traversed California and New York. Alongside Andre Casterman, I represented ITFA at the Trade & Investment Forum held in London.

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DEMICA’S 2024 BENCHMARK REPORT FOR BANKS IN TRADE FINANCE, April 2024

Wednesday, April 24th, 2024

Sean Edwards, ITFA chair, gave his views on the market to Demica’s 2024 Benchmark Report for Banks in Trade Finance. This is Demica’s third annual report covering key trends across all supply chain finance products.

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NEW SERC HEAD CARRION MORILLO WANTS TO BOOST MEMBERSHIP AND NETWORKING, April 2024

Thursday, April 25th, 2024

Alberto Carrion Morillo was appointed as the new head of a revamped ITFA Southern European Committee (SERC) earlier this year. He has set himself the dual goal of boosting ITFA membership in the region as well as putting together a packed schedule of educational events and networking opportunities to foster better conversations on relevant market issues.

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THE VOICES FROM OUR REGIONS, April 2024

Friday, April 26th, 2024

Don’t miss two articles featuring the dynamic roundtable hosted by GTR MENA in collaboration with us in Dubai and our educational event – Lunch & Learn in California.

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ITFA NEW MEMBERS, April 2024

Thursday, April 25th, 2024

ITFA is pleased to welcome four institutions to its growing family:

– Basisbank
– DRUM Advisory Limited
– MS Amlin
– Tech Cargo

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ITFA LAUNCHES OPEN ACCOUNT DISTRIBUTION FRAMEWORK, April 2024

Thursday, April 25th, 2024

ITFA is anticipating “good take-up” of its newly launched Master Account Receivables Assignment Agreement (Mara) template – a new tool available to members to standardise the distribution of open account assets.

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CHAIRMAN’S MESSAGE – Sean Edwards, ITFA Chairman, March 2024

Tuesday, April 2nd, 2024

I stepped in recently to replace a wounded colleague (speedy recovery, Gary B!) at a Sanctions Masterclass held by our partners ICC UK. My slightly cynical take on the subject certainly got some laughs but there are some deep conundrums here to which there are no easy answers (other than the naturally British reaction to deploy humour).

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ITFA’s INSURANCE COMMITTEE HAS ENCOURAGING MEETING WITH EBA, March 2024

Monday, March 25th, 2024

Representatives from ITFA and a number of other industry bodies had an encouraging meeting with the European Banking Association (EBA) last month about the impact of finalised Basel III regulations on the use of credit insurance.

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ITFA’s UPDATE – LATE PAYMENT DIRECTIVE, March 2024

Tuesday, March 26th, 2024

ITFA has continued its discussions with members of the European Parliament and the Council on the ongoing process around the proposal for a new European regulation to replace the Late Payment Directive.

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ITFA WEBINAR AIMS TO SHED LIGHT ON ESG AND CLIMATE CHANGE REPORTING, March 2024

Monday, March 25th, 2024

Deciphering the vast and ever-changing regulation related to environmental, social and governance (ESG) and climate change can be overwhelming for banks and financial institutions, given the number of frameworks, directives and acronyms in place.

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THE VOICES FROM OUR REGIONS, March 2024

Tuesday, March 26th, 2024

Don’t miss two articles featuring our events in Toronto and Houston, including photos, from our Americas Regional Chapter.

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MARITIME STATE OF PLAY REPORT: EVOLUTION OF DECEPTIVE SHIPPING PRACTICES — VOYAGE IRREGULARITIES, March 2024

Wednesday, March 13th, 2024

Voyage irregularities consist of misalignments or anomalous patterns of behaviors associated to the shipping of goods. This tactic has been on the rise and, unlike some of the other practices, can encapsulate multiple elements of tactics from automatic identification system (AIS) manipulation, to transshipment, discrepancies in loading/discharge locations, and more.

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ITFA NEW MEMBERS, March 2024

Monday, March 25th, 2024

ITFA is pleased to welcome six institutions to its growing family:

– Banco de Reservas (Banreservas)
– PrimeRevenue
– QBE European Operations
– Secro
– Sparkasse Pforzheim Calw
– Türkiye Vakiflar Bankasi T.A.O.

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ITFA ARC WORKSHOP & PARTICIPATION IN GTR AFRICA 2024 (Cape Town), March 2024

Thursday, March 21st, 2024

On 6 March ITFA’s Africa Regional Committee (ARC) held an educational workshop in Cape Town, hosted at Investec’s offices, to coincide with GTR Africa 2024 the following two days. Entitled ‘Using innovative financing solutions to address Africa’s trade finance gap’, the workshop was aimed at African financial professionals involved in financing or underwriting African trade and was delivered by five ITFA members.

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ITFA ABU DHABI 2023: THE NEW DISTRIBUTION LANDSCAPE, February 2024

Monday, February 26th, 2024

While investors in trade finance assets were on an education journey, panellists at the 49th ITFA Annual Conference in Abu Dhabi discussed what this means for originators and distributors.

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FINTECH COMMITTEE SETS 2024 PRIORITY TO ENCOURAGE MORE TRADETECH EARLY ADOPTERS, February 2024

Friday, February 23rd, 2024

ITFA’s Fintech Committee intends to drive more digital innovation in trade finance in 2024 by encouraging more new entrants and greater collaboration among existing players.

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ENHANCING TRANSACTION BANKING BUSINESS IN A TRANSFORMATIVE ERA, February 2024

Monday, February 26th, 2024

I recall the day when we established a Transaction Banking division at my first employer. It was a sound response to a rising market demand for special product expertise and customized solutions

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THE IMPLICATIONS OF CLOSING THE SUEZ CANAL TO SHIPPING, February 2024

Monday, February 26th, 2024

The development of the East-West trade corridor provides Russia, Iran and China with more key markets in the Middle East, Africa and Europe.

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CHAIRMAN’S MESSAGE – Sean Edwards, ITFA Chairman, February 2024

Wednesday, February 28th, 2024

Welcome to the February edition of the ITFA muse! As you’ve likely observed, February has been another bustling month packed with events. After a vibrant Chinese New Year celebration in London, we hosted a Transaction Banking and Trade Innovation Day in Finland. ITFA actively participated in the GTR MENA with a number of ITFA speakers […]

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