Standard Chartered ‘s Transaction Banking team organized a first-of-a-kind Trade Finance Seminar for financial institution clients of the bank in Dubai. The workshop was attended by representatives of conventional and select Islamic banks from the UAE and the region.
At the seminar, Nicolas Langlois, Head of Liability and Risk Weighted Assets Optimization at Standard Chartered discussed the impact of Basel III on Transactional Services. Sriram Muthukrishnan, Global Head of Trade Product Management for financial institutions at Standard Chartered discussed the emerging Trade Finance opportunities for Financial Institutions in light of changing regulatory environment and the shift of economic power from west to east. Another session discussed the rise and the increasing demand for Islamic Trade Finance.
Commenting on the importance of the Seminar, Farooq Siddiqi, Regional Head of Transaction Banking, MENAP, Standard Chartered Bank said:
“Despite the challenging regulatory environment and uncertainties in the global economy, the movement of goods across the world continues. This presents challenges as well as opportunities to financial institutions which continue to support this vital business. The main aim of our seminar was to bring together a think-tank of global and regional trade finance experts to discuss and highlight the challenges, opportunities, insights and trends in financing global and regional trade.
With the increase in demand for Shariah-Compliant Trade finance solutions we are continuously looking at ways to innovate our offering”, Siddiqi added.
Standard Chartered is one of the world’s leading trade finance banks with a strong footprint across the most dynamic emerging markets of Asia, Africa and the Middle East. The bank provides corporate and institutional clients with transaction banking services and solutions including Cash Management, Trade Finance Services and Securities Services.
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