ICC Banking Commission gathers 400 delegates in London at the Autumn Meeting

Who carries the risk in open account trade and supply chain finance, and what would close the gap?

Florian Witt of ODDO BHF moderated the trade finance gap panel at the ICC Banking Commission at Mansion House today, with Makiko Toyoda of IFC – International Finance Corporation, Shona Tatchell of EBRD, Parvaiz Dalal of Citi and Marc Auboin of World Trade Organization. 

Comments from the floor turned to open account risk for sellers, digital bills of exchange under the Electronic Trade Documents Act, and whether there should be a target to cut the gap.

Supply chain finance is one area where progress can be measured. The WTO said at last month’s Bangkok meetings that direct financing from multilateral development banks has grown from about $35 billion a year before COVID-19 to about $65 billion in 2026. Of that, $10 billion is supply chain finance in developing economies, two to three times the 2024 level.

TTP’s Two Years of Progress in Supply Chain Finance, written by TTP reporter Tim Staheli, tracks what seven development institutions have done since the 2024 joint statement. Thanks to ICC United Kingdom and the International Chamber of Commerce for hosting.

Behind the scenes at ICC Banking Commission! As media partners, we will be capturing the key moments throughout the day, speaking to corporate treasurers, emerging market banks, digital trade advocates and multilateral development bank heads about the current state of multilateralism, changes to the rules and recognition concerning trade and supply chain finance, and global trade finance priorities for the next 12 months. 

Lights! Camera! Action!

Good morning from London. From the newsroom, the Trade Treasury Payments team are gathered at the International Chamber of Commerce, ICC United Kingdom Banking Commission meeting at Mansion House.

With over 400 delegates from 42 questions, members are focusing on three key pillars throughout the week: standards and rules, data and advocacy.

Opening remarks by Emma Bennett, Florian Witt and Lord Christopher Holmes.