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Pulling the plug on TSU and the wiring of trade finance: What next for BPO?
Pulling the plug on TSU and the wiring of trade finance: What next for BPO?
Katharine Morton
1 May 2019

Now that SWIFT’s Trade Services Utility (TSU), the matching application that underpinned the Bank Payment Obligation, is on its way out, the wiring of trade finance needs looking at. Katharine Morton warns that it can feel like explaining how electricity works.

ADB's bid to standardise Suspicious Activity Reports in trade finance
ADB's bid to standardise Suspicious Activity Reports in trade finance
Katharine Morton
26 April 2019

TXF spoke with Steven Beck, head of trade and supply chain finance at the Asian Development Bank (ADB), to find out more about the development bank’s year-on-year growth in supported trade, as well as its latest initiative to create a standardised approach to the reporting of Suspicious Activity Reports (SARs) by banks to regulators.

ADB's bid to standardise Suspicious Activity Reports in trade finance
ADB's bid to standardise Suspicious Activity Reports in trade finance
Katharine Morton
26 April 2019

TXF spoke with Steven Beck, head of trade and supply chain finance at the Asian Development Bank (ADB), to find out more about the development bank’s year-on-year growth in supported trade, as well as its latest initiative to create a standardised approach to the reporting of Suspicious Activity Reports (SARs) by banks to regulators.

Powering up for business in Iraq
Powering up for business in Iraq
Jonathan Bell
24 April 2019

The defeat of Daesh in Syria and Iraq can hopefully provide greater impetus to new business in Iraq. What is critical now is consolidation of security for the rebuilding of basic infrastructure – such as power generation and water. Jonathan Bell examines inroads being made by European ECAs to support this trade.

Tapping fingers on the table for China trade at the ICC
Tapping fingers on the table for China trade at the ICC
Katharine Morton
17 April 2019

TXF joined the ICC Banking Commission in Beijing as it celebrates a century of the institution whose founders were dubbed the ‘merchants of peace’. Katharine Morton contemplates the role of peace merchants amid the ‘warriors’ of trade and how China fits into the mix.

Corporate Perspectives: Talking digital Asia trade and treasury with GE
Corporate Perspectives: Talking digital Asia trade and treasury with GE
Katharine Morton
10 April 2019

Manu Taneja, director of regional cash & banking, APAC at GE Corporate Treasury in Singapore sees a role for traditional trade finance in Asia, but digitisation will be core to the future – as will the role of treasury itself.

Playing by the book: Learning lessons from the attack on Norsk Hydro cyber security
Playing by the book: Learning lessons from the attack on Norsk Hydro cyber security
Katharine Morton
27 March 2019

A week in the life of a cyber security crisis for the aluminium company Norsk Hydro raises interesting questions. Following a cyber-playbook type approach in terms of communications appears to work well at the first instance. How will it play out when it comes to insurance?

A sigh of relief for trade insurance market as PRA time bomb defused
A sigh of relief for trade insurance market as PRA time bomb defused
Katharine Morton
20 March 2019

Successful lobbying by trade finance insurers, lawyers, banks and industry bodies has helped the sector dodge the danger of a PRA consultation paper that could have nearly shut down trade credit insurance as we know it. Will the industry get a taste for acting together?

No going back to the old normal before trade wars in Asia
No going back to the old normal before trade wars in Asia
Katharine Morton
20 March 2019

Corporate supply chains are now accommodating trade wars, but things will not go back to where they were once peace breaks out. Katharine Morton takes the Asian perspective on the new normal.

Changing horses mid race: When SCF programmes switch owners
Changing horses mid race: When SCF programmes switch owners
Katharine Morton
13 March 2019

The proposed move of GE Capital’s SCF programme to MUFG raises many questions. How does 'porting' SCF from one provider work (or not), and what makes a corporate choose a bank over a non-bank provider (or otherwise)? What happens to the long tail? TXF spoke to banks and platform providers to gauge their views.

TXF FIT MasterZone to launch in Singapore on 9 May
TXF FIT MasterZone to launch in Singapore on 9 May
Katharine Morton
13 March 2019

TXF's Financing International Trade (FIT) MasterZone will have its inaugural outing in what is fast becoming the most dynamic and exciting hub for trade, treasury and risk in the world, Singapore. Join us for intensive expert briefings, technology updates and best practice roundtables

Trade as an asset class: A troublesome best friend?
Trade as an asset class: A troublesome best friend?
Katharine Morton
25 February 2019

What is stopping trade finance becoming an easy-to-buy-and-sell asset class? For all the hype, what continues to turn something that should be straightforward into something so complex? TXF investigates.

Interesting catch: Why MUFG is taking on GE Capital’s TPS
Interesting catch: Why MUFG is taking on GE Capital’s TPS
Katharine Morton
6 February 2019

Taking on an active corporate supply chain finance programme can be a daunting prospect. When that one is the size of GE Capital’s Trade Payables Services, it changes the dimension of the challenge. TXF spoke to Maureen Sullivan, Managing Director and Head of MUFG’s Supply Chain Finance Group for the Americas about why the bank has made such a move, and what her plans are for TPS.

Calmer times for the chameleon banks
Calmer times for the chameleon banks
Katharine Morton
21 January 2019

BAFT Europe heralds another year of change in store, underpinned by confident banks, secure in their brands and their ability to partner rather than defend from fintechs.

Risky Business: Africa terrorism, regime risks and corruption but still relative stability
Risky Business: Africa terrorism, regime risks and corruption but still relative stability
Katharine Morton
4 January 2019

TXF and Coriolis Technologies’ country risk index investigates the trends in trade weaponization in Africa. Rebecca Harding, CEO of Coriolis Technologies points to increased terrorism, political risks and the double-edged sword of China’s BRI. This is the seventh in the current series of seven insights.

Risky Business: MENA and GCC foreign policy risks rise in unusual places
Risky Business: MENA and GCC foreign policy risks rise in unusual places
Katharine Morton
17 December 2018

TXF and Coriolis Technologies’ country risk index investigates the trends in trade weaponization in MENA and GCC. MENA and GCC foreign policy risks rise outside the usual spots. Rebecca Harding, CEO of Coriolis Technologies also looks at Lebanon, Libya and Morocco where functioning banking systems are helping support nascent trade hubs. This is the sixth in the series of seven insights.

What’s moved the dial in trade and treasury tech in 2018?
What’s moved the dial in trade and treasury tech in 2018?
Katharine Morton
12 December 2018

Recorded webinar - We reflected on 2018 and asked what actually made a difference in trade technology in the past year and picked out the highlights amid the hype.

Risky Business: Brexit ups the rhetoric of trade weaponization in Europe
Risky Business: Brexit ups the rhetoric of trade weaponization in Europe
Katharine Morton
5 December 2018

TXF and Coriolis Technologies’ country risk index digs deep into the strategic trends in militarisation of trade. In this section Rebecca Harding, CEO of Coriolis Technologies sees weaponization of trade in Brexit rhetoric, European populism and Turkish troubles. This is the fifth in the series of seven insights.

Risky business: Arms imports up in surprising places in Asia
Risky business: Arms imports up in surprising places in Asia
Katharine Morton
4 December 2018

TXF and Coriolis Technologies’ country risk index digs into strategic trends in trade weaponization in Asia. Here, Rebecca Harding, CEO of Coriolis Technologies sees Asia in transition, China’s weapons trade increasing and upticks in arms imports in Australia, Japan and Indonesia. This is the fourth in the series of eight insights.

Risky business: US exports populism, Canada and Mexico weaponize
Risky business: US exports populism, Canada and Mexico weaponize
Katharine Morton
30 November 2018

The US’s most successful export at the moment seems to be populism, says Rebecca Harding, CEO of Coriolis Technologies. TXF and Coriolis Technologies’ country risk index investigates the trends in trade weaponization in the Americas. Here, Canada and Mexico export arms, Central America imports populism. This is the third in the series of seven insights.

Risky business: Marriages of convenience and hybrid trade wars in Russia and Eurasia
Risky business: Marriages of convenience and hybrid trade wars in Russia and Eurasia
Katharine Morton
29 November 2018

TXF and Coriolis Technologies’ country risk index investigates the trends in trade weaponization in Russia and Eurasia. Here, Russia’s ‘hybrid war’ trade strategy and it’s marriage of convenience with China’s trade tactics are investigated by Rebecca Harding, CEO of Coriolis Technologies. This is the second in the series of seven insights.

Risky business: Where are we now in world trade weaponization?
Risky business: Where are we now in world trade weaponization?
Katharine Morton
28 November 2018

TXF and Coriolis Technologies’ country risk index digs deep into the strategic trends in militarisation of trade and in this overview, Rebecca Harding, CEO of Coriolis Technologies sees weaponization of trade in unexpected areas. This is the first in the series of seven insights.

Taking the path less travelled on trade digitisation
Taking the path less travelled on trade digitisation
Katharine Morton
15 November 2018

There are many approaches to trade digitisation, but DBS Bank is taking a different path to many of its peers. It’s early days, but Abdul Raof Latiff thinks that the road less travelled will work. He and Himanshu Sharma talk trade tech strategy to TXF.

The view from Asia: Preparing for globalisation mark two
The view from Asia: Preparing for globalisation mark two
Katharine Morton
1 November 2018

Farooq Siddiqi, global head of trade and Samuel Mathew, global head of documentary trade at Standard Chartered talk to TXF in Singapore about the big picture of protectionism and the wider march of technology in trade. The message is, don’t fixate on digital ‘islands’ as going more deeply into local markets could be the answer.

Corporate perspective: Avery Dennison mulls US-EMEA cross border pooling strategy
Corporate perspective: Avery Dennison mulls US-EMEA cross border pooling strategy
Katharine Morton
16 October 2018

Ramon Tolk, senior director, treasury at specialty packaging company Avery Dennison’s European Treasury Centre in the Netherlands, talks to TXF about cross border pooling structures and intercompany lending. How can treasury respond to the potentially beneficial changes in US tax regulation and create US/EMEA cross border pooling?

Breathing new life into insuring trade with Toredo
Breathing new life into insuring trade with Toredo
Katharine Morton
8 October 2018

When it takes the same amount of time to underwrite the risks of a power station as a letter of credit, something had to give. Chris Hall, Senior Underwriter, Liberty Specialty Markets discusses Toredo, a web-based platform which moves trade credit insurance underwriting into the digital era

Reflections on trade with an African rhythm       .
Reflections on trade with an African rhythm .
Katharine Morton
3 October 2018

Katharine Morton, Head of Trade, Treasury and Risk at TXF shares some of her memories of the International Trade and Forfaiting Association’s Cape Town spectacular.

Trade digitisation: Do not rush, spend Kairos time with the cyborg-anthropologist
Trade digitisation: Do not rush, spend Kairos time with the cyborg-anthropologist
Katharine Morton
26 September 2018

Amber Case is author of ‘Calm Technology’, a book about designing for your attention and designing better technology that works with and not against you, that makes good use of your attention. Katharine Morton sits back and chats with the ‘cyborg anthropologist’ about the wider applications of calm technology for finance and trade. Don’t race to digitise.

The changing pace and face of upstream gas
The changing pace and face of upstream gas
Jonathan Bell
26 September 2018

Mega upstream gas projects have been prolific in recent years, but asks Jonathan Bell, how is the industry changing and what can we expect with future projects?

Fasten your seatbelts: Trade gets a bumpy night
Fasten your seatbelts: Trade gets a bumpy night
Katharine Morton
19 September 2018

How do you draw together themes of protectionism, regulation and digitisation? Katharine Morton reflects on her travels of the past two weeks and suggests that, amid the recent hike in US tariffs to China, precautions are needed for turbulent times.

Once more unto the breach: Surviving a cyber-attack in trade
Once more unto the breach: Surviving a cyber-attack in trade
Katharine Morton
17 September 2018

Cyber security is not just an IT problem. It’s a business continuity one that can hit business and finance across the board. TXF’s Katharine Morton spoke to industry players about what it takes to survive a cyber attack in trade.

Asahi Breweries: 200 pints a second of trade, treasury and risk
Asahi Breweries: 200 pints a second of trade, treasury and risk
Katharine Morton
10 September 2018

When Japanese brewer Asahi bought SABMiller’s central and European assets from AB InBev (ABI) for €7.3bn it made Asahi Group the third largest brewer in Europe. The deal was one of the most complicated in the history of brewing and Anthony Buchanan, treasurer of Asahi Breweries Europe, still has his work cut out.

 Turkey leverages the power of now in trade
Turkey leverages the power of now in trade
Katharine Morton
3 September 2018

Turkish banks and corporates have a good reputation for using technology to improve trade process and efficiency. In a discussion hosted by BNY Mellon in Istanbul in July, and moderated by TXF, banks and corporates discuss how SWIFT gpi technology could help with trade and also how Bank Payment Obligations (BPOs) – which Turkey was an early adopter – could be best used, if it isn’t overlooked.

Trade funds: Understand your risk buckets better
Trade funds: Understand your risk buckets better
Katharine Morton
23 August 2018

Getting banks, regulators and investors to understand trade funds better is key to trade evolving as an investible asset class. Aidan Applegarth, owner and managing director of Bankingwise, a trade services consultancy is perturbed by the lack of support from the banks and the fact that the market has potential to grow as long as it’s not viewed as one-size-fits-all.

Nourishing green shoots in Greek trade
Nourishing green shoots in Greek trade
Katharine Morton
20 August 2018

The four systemically important banks in Greece met with TXF at a roundtable hosted by BNY Mellon in Athens and discussed the future of Greek exports. How are the banks helping to nourish and finance green shoots of recovery?

Soy it goes!
Soy it goes!
Jonathan Bell
27 July 2018

It would be good to escape from major economic trade factors that are influencing our lives – if only for a while, and for some in the Northern Hemisphere that obviously comes as many folk now take their annual summer vacations.

US-China get electric on the auto front
US-China get electric on the auto front
Jonathan Bell
19 July 2018

Jonathan Bell, Editor-in-Chief at TXF gives us his take on news that Tesla is to build an EV Gigafactory in Shanghai, as well as a review of TXF's market coverage from the last 7 days

Corporate perspective: Piecing together the digital future at Mosaic
Corporate perspective: Piecing together the digital future at Mosaic
Katharine Morton
18 July 2018

When will Michael Crawford, senior corporate treasury manager of Mosaic, the world’s largest phosphate producer, become a robot? Not for the foreseeable future. TXF’s Katharine Morton discusses technology and digitization with Crawford as Mosaic looks to integrate its January $1.4 billion acquisition of Brazil’s mining giant Vale’s fertilizer unit.

Corporate perspective: Going ‘local-for-local’ helps Groupe SEB Turkey hedge against trade wars
Corporate perspective: Going ‘local-for-local’ helps Groupe SEB Turkey hedge against trade wars
Katharine Morton
16 July 2018

Mustafa Kilic, CFO at Groupe SEB Turkey explains how a strategy of maximising local inputs can help manage currency risk through natural hedges, and even help guard against the burgeoning trade wars.

Trade wars: Is the answer blowing in the wind?
Trade wars: Is the answer blowing in the wind?
Katharine Morton
12 July 2018

TXF's head of trade, treasury and risk Katharine Morton mulls the implications of the accelerating trade wars on the fundamentals of relationships between global powers.

Don’t hobble the LC: A treasurer’s lament
Don’t hobble the LC: A treasurer’s lament
Katharine Morton
9 July 2018

The LC remains a great tool for international trade, one international treasurer tells TXF, as long as it’s not hobbled by the banks. And unless some things change – it doesn’t augur well for digitisation.

Trade wars: Potential impacts and implications
Trade wars: Potential impacts and implications
Andrew Rankin
1 July 2018

Since US President Donald Trump’s protectionist push has sparked the promise of reciprocal retaliation from the EU, China, and Canada, TXF's Katharine Morton, head of trade, treasury and risk joins a panel from Barclays to see if they can begin to demystify the impending global trade wars.

Corporate perspective: Chipita – treasury and trade in metamorphosis
Corporate perspective: Chipita – treasury and trade in metamorphosis
Katharine Morton
27 June 2018

Marianna Polykrati is group treasurer of Chipita SA, which is a Greek multinational snacks provider headquartered in the aptly named town of Metamorphosis, north of Athens, Greece. She sat down and discussed the challenges of change with TXF’s Katharine Morton in the first in a series of interviews on how global corporates deal with trade, treasury and risk in a complex world.

Sunny with the chance of showers? Insuring the future of commodity trade
Sunny with the chance of showers? Insuring the future of commodity trade
Katharine Morton
20 June 2018

The commodity trading landscape is changing, as are the needs to insure risk by both commodity traders and producers. Katharine Morton spoke to brokers, insurers and the end users of insurance to see how the market is evolving. Is CPRI meeting end user needs and will bank regulation put the whole commodity trade insurance market under a cloud?

 Why trade finance is soaring at ADB
Why trade finance is soaring at ADB
Katharine Morton
11 June 2018

Trade finance business is booming at the Asian Development Bank. Katharine Morton spoke to Steven Beck, the ADB’s head of trade and supply chain finance, at the ICC Banking Commission annual meeting in Miami about the reasons underpinning the growth and whether derisking is having an impact.

Beyond the wild west in factoring
Beyond the wild west in factoring
Katharine Morton
31 May 2018

Peter Mulroy, Secretary General of FCI spoke to Katharine Morton at the ICC banking commission annual meeting in Miami about how trust is helping factoring move beyond the ‘wild west syndrome’ and how transparency is vital for building trust in the future of reverse factoring

Trade risk: Two measures in one
Trade risk: Two measures in one
Katharine Morton
23 May 2018

TXF’s Katharine Morton caught up with Daniel Schmand, chair of the ICC Banking Commission and global head of trade finance at Deutsche Bank, at the ICC Annual Meeting in Miami to talk about his outlook for trade and trade finance, and how non-financial risk in trade should be measured before making bold statements about how risky trade finance is.

Beyond the wild west in factoring (24 mins)
Beyond the wild west in factoring (24 mins)
Henry Nichol
18 May 2018

Peter Mulroy, Secretary General of FCI spoke to Katharine Morton at the ICC banking commission annual meeting in Miami about how trust is helping factoring move beyond the ‘wild west syndrome’ and how transparency is vital for building trust in the future of reverse factoring.

Financing international trade: FIT for purpose?
Financing international trade: FIT for purpose?
Katharine Morton
16 May 2018

A call for action. How to get FIT for trade, treasury and risk (without any physical exercise)

The dog that didn’t bark: Is derisking over?
The dog that didn’t bark: Is derisking over?
Katharine Morton
9 May 2018

The hush that has fallen over the banking markets about derisking correspondent banking relations could be read as meaning derisking is the dog that didn’t bark. Is derisking over? Or has the dog been muzzled?