Basel III regulations on bank capital are expected to increase the prices for trade finance in Europe. A survey by Greenwich Associates shows 80% of large European companies and 90% of companies in the FT 500 index expect prices for trade finance products and services to increase as a result of Basel III.
Greenwich says companies are also concerned about the availability of trade finance going forward in light of Basel III's impact on banks' capital and funding.
Dr. Tobias Miarka, a Greenwich consultant, notes that the discussion about the consequences of Basel III "seems to be much more lively and top of mind in Europe than it is in the U.S." The regulatory changes will "affect everybody, it just doesn't seem to be on the radar as much in the U.S.," Miarka adds.
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Susan Kelly
Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.
