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“Trade finance is under threat from Basle III,” says Markus Wohlgeschaffen, head of global trade finance and services at UniCredit. “Indeed, it is the greatest – unintended – potential threat to the global recovery that [is related to] world trade.” In contrast, Adnan Ghani, head of global trade finance, GTS, at RBS, says: “There is a reason for regulations such as Basle III. Trade has been conducted for 5,000 years and it will go on for another 5,000 years regardless of the regulatory measures introduced.”
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