2013 - ICC India

VIIIICC BANKING COMMISSION | 2013 GLOBAL RISKS TRADE FINANCE | ACKNOWLEDGEMENTSACKNOWLEDGEMENTSThis ICC report would not have been possible without the pathfinding workdone during the global financial crisis of 2007-2009 by the ICC BankingCommission and various policy makers. We would like to thank the AsianDevelopment Bank and WTO Director General Pascal Lamy for providingthe initial impetus to create a consolidated trade finance database hostedby ICC. In particular, the WTO Expert Group on Trade Finance became animportant forum during the crisis, holding regular meetings with partnersfrom commercial banks, the Berne Union, regional development banks andother multilateral export credit and specialised agencies. This group, ofwhich ICC was a member, was instrumental in understanding the causes ofthe shortage of trade finance and in devising cooperative solutions throughwhich public institutions could help private sector financial institutionsshoulder the risk of operating in an unstable financial environment. Wewould like to thank Steven Beck of the Asian Development Bank for fundingthe initial phase of the ICC Register Project. Finally, we would like to thankthe Oliver Wyman team providing the analysis in this report.ICC thanks the following banks participating in the ICC Trade Register,which have helped us to prepare this report:Bank of AmericaMerrill LynchBank of ChinaBarclaysBBVABNP ParibasCitibankCommerzbankCrédit Agricole CIBDeutsche BankHSBCKfWINGJ.P. Morgan ChaseRoyal Bank of ScotlandSantander GlobalBankingSociété GénéraleStandard Chartered BankStandard Bank GroupSumitomo MitsuiBanking CorpUniCredit Bank AGWells Fargo