The post-brinked export driver hindered trading financial rules, ICC warns

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UK financial regulators warned the British Department of the International Chamber of Commerce when the financial regulators cannot push about 22 billion pounds to small businesses for small businesses.

In a letter to the financial behavior and the UK’s prudential regulatory body, ICC, the rules that regulate trade finance, which are the key to the key to the key to global operations, said it was “urgent need” for reforms.

The letter made by the Financial Times warned that the “ancient” normative base for finance cancel the benefits of a new law presented in 2023 to digit the documentation for export.

“These gains remain bureaucratic and inefficient, and wrote to the CHRIS Southworth, with hard borrowing capital requirements.

However, the FCA and Pro both have been accused of criticism, they suggested that they proposed to facilitate compliance and capital rules in the main areas of trade finance.

The ICC intervention is coming after a trade strategy that promises to increase the country’s flag performance from the British government since the Brechit of the Britain.

The group said that in recent years, Basel 3.1 bank capital rules for overhaul of lobbies and regulators, despite the pressure of the Chancellor Rachel Reeves, the regulators said the regulators did not move fast enough this year To get more growth position.

Southworth, at the beginning of the rules of Basel 3.1, which acted with regulatory regulations, was very slow and inadequate in the beginning of 2027 in the early 2027.

“Reforms must be accelerated and should be put forward to ensure the implementation of benefits within this parliament.” “It’s time for great fame and smarter, more flexible adjustment framework.”

Although ICC is a center for global trade finance, Hong Kong has fallen behind rivals, including India, UAE and the United States, and behind rivals, including all “more flexible and sensitive regulation frames”.

Wants to see a lighter touch adjustment mode, repair the rules of “know your customer” and reducing capital demand for trade violence. These are the cargo between the cargo between the gap between the demand for trade financing, it will help reduce the “trade financial gap”, which is in fact the amount of financing.

FCA told FT that this was considered to facilitate the rules of compliance with financial transactions. Prime Minister Sir Keir Starmer’s economic growth and competitiveness in response to the ability to support the competitiveness, the government will discuss ways to check “dirty money washing” in smaller operations in January.

“Our letter to the Prime Minister has a potential way to reduce money laundering costs by relaxing customer inspections in small transactions,” he said. “We test this idea with the government.”

Pra, criticisms are also based on the information provided by the ICC, which offers bank capital requirements for lending to SMEs and trade finances.

“As declared earlier this year, we plan to implement Basel 3.1 rules, including those related to trade finances on January 1, 2027,” he said. “This date is designed to give you enough time to carry out the latest rules.”

The application of Basel 3.1 is preparing to be downloaded to reduce cargo in trade financing, reducing cargo in trade for some relevant risks, “the authorities added.

The Business and Trade Department said that the new trade strategy will help the British work to succeed in the global market.

Added: “The United Kingdom plans to implement these reforms in January 2027, allows our companies to plan the future and allow more time to clarify the global scale.”