Revised proposals by the Basel Committee on Banking Supervision are seen as taking a softer stance on derivatives but not on trade finance. Dan Taylor, president of BAFT-IFSA, a trade group, said, “From what we can tell so far, on the specific trade issue, I don’t see that they’ve made any change at all.” As originally issued the so-called Basel III capital requirements would affect up to 90% of the $12 trillion trade-finance market, making such loans hard to come by and more expensive.
Revised Basel Proposals Still Seen Hurting Trade Finance