One of the most interesting sessions at the recent Sibos meeting looked at whether decentralized global trade finance would lead to cost-efficient financial intermediation and financial inclusion, or increased systemic risk and heightened liquidity, cybersecurity, anti-money laundering (AML), counter-terrorist financing and legal uncertainties.
Speaking to Euromoney after the conference, several leading transaction banks on the panel pointed out that notable challenges remain when it comes to being able to trace all elements of a trade transaction from beginning to end.
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