No trade finance exemptions for British banks?

European bank capital reserve requirement exemptions on trade finance were hard won, but a senior banker at HSBC is doubtful whether the Bank of England will apply the Basel III friendlier rules.

By Dan Bland

Jul 15, 2013

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The European parliament passed the CRD (Capital Requirements Directive) IV exemptions on new Basel III trade finance regulations on April 16; however, some trade finance bankers speculate the exemptions won’t apply to UK-based banks.

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