Though there are serious threats to global trade from potential trade wars, it continues to flow. Like clean drinking water, trade and the trade finance that secures it, are crucial to the health of the global economy and to that of individual nations. How can trade and trade finance be nurtured, especially in the face of costs and tensions that threaten to turn off the tap?
Financial Stability Board
The Great Recession produced a number of aftershocks, including a tidal wave of regulations (with the?) intent on preventing the same event from ever happening again. A mismatch between increasingly complex and detailed international standards and ever more uneven implementation by national authorities ensued. Consistent, harmonized adoption of financial standards by all involved is necessary to ensure smooth global processes. Some suggestions are presented in this article.
China’s shadow-banking participants, often shady non-bank credit intermediaries, are slowly coming to heel as the government ramps up its efforts to curb leverage in the sector. Once accounting for 87 percent of GDP, the growth of shadow banking’s assets were outstripped by the country’s overall GDP growth during 2017, indicating that China’s financial dragon may finally have been subdued by regulators.