Industry & Advocacy

Trade Finance, and especially Supply Chain Finance, is not as well understood at a regulator level as it should be considering the importance of global trade to the world economy – without trade and supply chain finance, world trade would grind to a halt.

Legal structures globally have not kept pace with the speed of change – the lack of globalisation of the UNCITRAL Model Law on Electronic Transferable Records (MLETR) is demonstration of this.

Further, the relatively low usage of Electronic Bills of Lading (e-BLs) across numerous different, fragmented platforms often with their own “rule books” also demonstrates a need to take a more holistic global approach to problem solving.

Industry bodies do exist and play an important part in advocating for all things trade and supply chain-related, such as the International Chamber of Commerce (ICC – the world’s foremost rule-issue body for trade), the International Trade and Forfaiting Association (ITFA – probably the most active global association covering businesses, financial institutions and intermediaries in trade), and the Bankers Association for Finance and Trade (BAFT – probably the leading transaction banking association).

However, they are typically tightly resourced and rely heavily on support from their members all of whom have “day jobs” at their respective organisations.

This is where Toredo Global Consulting can play an important role to support workstreams and advocate on behalf of the industry bodies directly to regulators and regulatory bodies, the founder having either been a previous or current Director/Board member of each of the above, as well as having engaged regulatory and government bodies at numerous times through his career.

Key consulting areas:

Industry white-paper development and delivery
Regulatory engagement projects
Direct industry policy development and regulator advocacy services