CIOs are making these considerations to create alliances with a subset of strategic suppliers. Questions to ask: As you plan for your industry’s transformation (or future challenges), what capabilities do you or your clients lack? Where are your potential partners headed, and at what levels are they investing in new technologies? When will you be ready to migrate into that next level of trust relationship? During times of change, those who are able to establish trusted relationships often emerge stronger, better...

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Nothing is more fickle than information exchange: it changes colour under EU competition rules depending on the nature of the relationship between the exchanging companies. The distinction becomes particularly blurry in relationships that go beyond the traditional horizontal and vertical ones, such as in dual distribution, where a supplier sells goods or services both directly and through independent distributors. The increased use of dual distribution has led the European Commission to re-think the issue of information exchange within these systems....

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Mönchengladbach, Germany (March 1, 2022) - Financial solutions firms Tradewind Finance and Finamco have announced a new partnership to improve factoring services for businesses in Colombia and the surrounding region. The two companies, which specialize in international factoring, a funding technique that converts receivables into capital, will combine their expertise in trade finance and their local and global networks to ensure accessible, effective, and premier financing for Colombian and other Latin American enterprises. Through the partnership, Tradewind, with headquarters in...

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On February 24, 2022, the Commission presented a proposal announced long ago for a Directive on corporate sustainability due diligence that provides for expanded due diligence duties for companies regarding supply chains. Current applicable German law In June 2021, the German legislator passed the German Supply Chain Due Diligence Act (Lieferkettensorgfaltspflichtengesetz – Supply Chain Act), which will enter into force on 1 January 2023 The Supply Chain Act initially applies to all industry sectors and to companies with 3,000 or more employees. As...

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There are several payment systems available today to enhance the ease and convenience of making financial transactions. Payment systems continue to be developed and offered by both financial and non-financial institutions with just a few clicks to authenticate and transmit funds. The audience of these newly introduced applications are dependent upon the respective vendors to ensure that all required controls have been implemented to protect the data at rest as well as during transmission. Regulatory bodies have also addressed...

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Blockchain technology is now being referred to as “critical for our nation’s future” by former SEC chairman Jay Clayton1. Harnessing the capabilities offered by this technology are critical to advancing the state of the financial system, bank the unbanked, and generally improve a centuries-old industry rife with convoluted, inefficient processes. Since the introduction of the cryptocurrency Bitcoin around 2009, the concepts of blockchain and cryptocurrency have increased in popularity – and controversy. To many, it’s a ponzi-like “get rich quick”...

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In response to Russia’s invasion of Ukraine, the United States has imposed significant restrictions on exports to Russia.  Effective February 24, 2022, goods covered by Categories 3-9 of the Commerce Control List (CCL) are subject to license requirements and licensing is under a “policy to deny.”  The involved CCL categories cover:  Electronics; Computers; Telecommunications; Information Security; Sensors and Lasers; Navigation and Avionics; Marine; and Aerospace and Propulsion.  These restrictions apply to exports, re-exports, and in-country transfers.  The new measures...

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Economic Calendar: March Meetings March 1: Reserve Bank of Australia March 2: OPEC+ Meeting March 10: US CPI March 16: Central Bank of Brazil March 18: Central Bank of Russia March 1: US President’s State of the Union Address March 4: US Employment Data March 13: Colombian Parliamentary Election March 17: Bank of England March 23: UK CPI March 2: Bank of Canada March 9: South Korean Presidential Election March 15: UK Employment Data March 17: Central Bank of Turkey March 24: Bank of Mexico March 2: Eurozone flash CPI March 10: European Central Bank March 16:...

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The second part of the 2021-2022 EIB Climate Survey explores people’s views on climate change in a rapidly changing world. The results from this release focus on citizens’ individual behaviour and the actions they are taking to combat climate change. Explore the results from this release of the Climate Survey. Main findings 78% of Europeans feel they are doing all they can to fight climate change in their daily lives, but the majority believe that their compatriots are not doing the...

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