Host Felix Thompson gives a breakdown of the major stories in trade and trade finance news this week.
A new report from security think tank RUSI warns against a blanket approach to free trade zones, but says many risk exposing banks to trade-based money laundering, as well drugs, weapons and counterfeit goods trafficking.
Oswald Kuyler, the newly appointed managing director of the Digital Standards Initiative, spoke to GTR about efforts to scale up the digitalisation of trade in Asia.
In other news, Singapore’s financial regulator has called for a move away from paper-based trade transactions in a bid to reduce fraud, after a series of high-profile scandals in the city state’s commodities sector.
Last month, Chinese President Xi Jinping announced a goal of carbon neutrality for his country by 2060.
However, the move has been met with scepticism from experts, given that Chinese creditors have given billions of dollars to fossil fuel projects around the world through the country’s Belt and Road Initiative.
Senior reporter John Basquill also provides a closer analysis after a group of major banks launch a blockchain-based registry for trade finance transactions in Singapore.
Music credit to Kevin MacLeod for his track Loopster, taken from incompetech.com. Licensed under creative commons by attribution 3.0 license. Further music credit to Sunrise Drive by South London HiFi. Licensed under creative commons Attribution 4.0 License. Music promoted by CopyrightFree.org
GTR News Brief: Energy traders face volatile future
GTR’s 2023 News Wipe: Trader disputes, OECD reforms, Basel regulations and trade digitalisation woes
GTR News Brief: Coal trader wins appeal in trade sanctions clash
GTR’s 2021 News Wipe: Greensill, trade digitalisation and supply chains in crisis
GTR News Brief: Fresh scrutiny for banks in new US advisory on Xinjiang; Australian lenders defend coal exit; US sanctions break for Venezuela LPG export
GTR News Brief: Serious Fraud Office launches GFG investigation; UK’s Law Commission consults on electronic trade document legislation; Shipping industry faces pressure to exit LNG
GTR News Brief Episode 29
GTR News Brief Episode 28
GTR News Brief Episode 27
GTR News Brief Episode 26
GTR News Brief Episode 25
GTR News Brief Episode 24
GTR News Brief Episode 23
GTR News Brief Episode 22
GTR News Brief Episode 21
GTR News Brief Episode 20
GTR News Brief Episode 19
GTR News Brief Episode 18
GTR News Brief Episode 16
Create your
podcast in
minutes
It is Free
Pharmacy Podcast Network
Sarah Westall - Business Game Changers
Børsen Morgenbriefing
Wall Street Breakfast
Bloomberg Surveillance