Basel proposals bring no comfort to trade finance

Recent amendments from the Basel Committee on banking regulation do not appear to meet the concern of practitioners of trade finance that proposed new rules could make the vital loans scarcer and more expensive. Bankers and lawyers are still deciphering the revisions. But several say they still have their work cut out to convince regulators that the $10 trillion market, the lifeblood of global trade, is much less risky than other forms of lending.

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