Timeline

  • Driving the Future of Trade Finance: How Digital Standards are Paving the Way for Paperless Trade

    ,

    At Sibos 2024 in Beijing, industry leaders convened to discuss the accelerating digitalisation of global trade. A notable session featured Ben Arber, CEO of Complidata, in conversation with Pamela Mar, Managing Director of the Digital Standards Initiative (DSI) at the International Chamber of Commerce (ICC). Their discussion centered on the transition to paperless trade finance… Read more

  • Understanding the EU’s PSD3 Directive and PSR Regulation: Key Changes and Implications

    ,

    The European Commission has introduced two significant legislative proposals: the third Payment Services Directive (PSD3) and the Payment Services Regulation (PSR). These initiatives aim to enhance the European payments market by building upon the foundations of PSD2, striving for greater harmonization and reducing national discrepancies. Objectives of PSD3 and PSR The primary goals of PSD3… Read more

  • EU Council Approves Strategic Plan to Strengthen Europe’s Digital Infrastructure and Cybersecurity

    ,

    On December 6, 2024, the Council of the European Union approved conclusions regarding the European Commission’s White Paper titled “How to master Europe’s digital infrastructure needs?” This approval underscores the EU’s commitment to advancing secure, resilient, and high-capacity digital infrastructures across member states. Key Highlights: These conclusions align with the EU’s broader objectives of achieving… Read more

  • Basics of Risk Management in Trade

    , ,

    The clearance of goods to enter a market is often considered a balance between facilitating and controlling. The latter is checking that the goods are compliant with all relevant rules and regulations, corresponding to legitimate regulatory objectives. This may include consumer health and safety, safeguarding the environment, compliance with social norms or aiming to achieve… Read more

  • The EU’s Vision for Digital Trade: Policies and Global Influence

    The digital revolution has redefined global commerce. From the exchange of goods and services to the facilitation of international supply chains, digital trade has become an essential component of economic development. In this context, the European Union (EU) has recognized the imperative need to integrate digital considerations into its trade policies, thereby shaping a comprehensive… Read more

  • UNCITRAL’s Framework for Negotiable Cargo Documents: Modernizing International Trade

    ,

    The UNCITRAL Negotiable Cargo Documents framework is designed to modernize and harmonize the legal rules governing documents used in the transport of goods, particularly in international trade. These documents, commonly known as bills of lading, play a crucial role in shipping by serving as evidence of the contract of carriage, a receipt for the goods,… Read more

  • Data (Use and Access) Bill [HL]

    ,

    A bill designed to address access to both customer and business data, this legislation aims to regulate services that involve using information to determine and confirm facts about individuals. It also focuses on the recording, sharing, and maintaining of registers concerning apparatus located in streets. Additionally, the bill outlines the management and upkeep of registers… Read more

  • The Next Era of International Trade Transactions

    ,

    Until the recent drive towards digitalisation and modernisation, the processes involved in an international end-to-end transaction could be long, cumbersome and expensive. From the shipping of goods to the payment of an invoice, the overall transaction would take place through a collection of individual, fragmented and often siloed procedures, from the issuance of paper trade… Read more

  • Overview of EU eIDAS 2.0 Regulation

    ,

    eIDAS 2.0 represents a significant upgrade to the European Union’s electronic Identification, Authentication, and Trust Services (eIDAS) regulation. This enhancement aims to refine and expand cross-border digital identity solutions and trust services, thereby allowing citizens and businesses to securely access a wide range of public and private services across the EU. By enhancing trust services… Read more

  • UK Export Finance’s Impact Framework

    , ,

    UKEF’s Impact Framework sets out how the department will measure the real-world impact of its financial support, while aligning with government priorities for growth, clean energy and industrial strategy. Each year, UKEF provides billions of pounds of financial support, helping businesses across the whole of the UK to export. This support is crucial, allowing UK… Read more