Basel III: Cool heads needed to ease trade finance fears

Trade finance banks are asking for equitable treatment as regulators seek to rein in riskier lending activities.
Tan Kah Chye, global head of corporate cash and trade, Standard Chartered
Tan Kah Chye, global head of corporate cash and trade, Standard Chartered

A hardening of positions between the proponents and critics of the updated Basel Accords, commonly known as Basel III, could be highly damaging to trade finance and the global economy. Rather, a more rational approach is needed, says Tan Kah Chye, transaction banking global head of corporate cash and trade at Standard Chartered. “This is not the time to dig in on positions we need dialogue,” he said.”We need to cut emotions aside and focus on the issues and have a constructive discussion on how to resolve the matter.”

Critics of Basel III -- and there are many according to sources, the European Commission promised last month in writing to take the case...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222