Bank Regulation Seen Hurting Commodity Exporters |
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June 11, 2010
Tighter banking regulation could increase the borrowing costs of commodity exporters, including African companies which are already struggling to access needed trade financing, senior bankers said on Thursday.
Tighter banking regulation could increase the borrowing costs of commodity exporters, including African companies which are already struggling to access needed trade financing, senior bankers said on Thursday.
"Regulation is the biggest threat," John MacNamara, global head of structured commodity finance at Deutsche Bank (DBKGn.DE), told a commodities conference in Geneva.
The heads of trade finance at HSBC (HSBA.L), Standard Chartered (STAN.L) and JPMorgan (JPM.N) said they were highly concerned that new tougher bank capital and liquidity standards backed by the G20 [ID:nLDE6581QU] would pinch their economically pivotal business.
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