EU Parliament may keep trade finance instruments' CCF at 20% instead of 50%. Trade specialists urge caution; Cazenove of Societe Generale warns against potential risks to corporates and economies.
Proposed EU Capital Requirements Regulation changes may raise credit conversion factor for standby letters of credit. Limited data suggests low default rates. Banks issue standbys for fees, and despite credit risk, many expire unused.
Jun XU, Vice Chair of the ICC Banking Commission Steering Committee, delivered the Keynote Address at the 2022 ICC Banking Commission Annual Meeting on 21 April.
