Centre for Economic Security
News
BFPG Announces New Economic and Trade Security Commission
Russia’s invasion of Ukraine has thrown into sharp relief the role of economic and trade measures both as a means of constraining and deterring an adversary. There has also been a growing realisation that for national security reasons, over-dependence on one country for energy, grain, rare earth metals and critical minerals, and other core components of supply chains represents a resilience risk. It is therefore crucial that the UK thinks strategically about the security of supply and its capacity and capability to use economic measures as a credible form of deterrence, and deterrence by denial.
The ITFA-Sustainability Audit Council (SAC). Creating a regulatory standard for ESG in trade finance and working capital
The ITFA-SAC is a cross-industry, independent and autonomous Working Group that is working to: a) establish a common standard for ESG disclosures; b) articulate the common standard to regulators on behalf of the business, banking, and trade finance sectors; c) establish an independent and approved audit mechanism for compliance based on common standards. The Audit Council is UK based but international in focus.