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Issue 04 | Fault Lines
Magazine

Issue 04 | Fault Lines

In this edition of the Trade Treasury Payments magazine, we turn our attention to the fault lines running through global finance. As supply chains stretch across borders, rules multiply, and new technologies collide with legacy systems, pressure is building across the trade ecosystem. 

Through in-depth features, interviews, and reporting, Fault Lines looks at the seams where those forces meet – between globalisation and fragmentation, legacy systems and new rails, liquidity needs and risk constraints, and more – and how firms are responding.

Rather than predict the next shock, we invite readers to spot the signals early, read the fault lines, and understand what they reveal about the future of cross-border finance.

Welcome to Fault Lines.

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Table of Contents

From This Publication : Issue 04 | Fault Lines

Contents

The missing ingredient in SME lending and what Bahrain is trying instead
East Asia & Pacific +6
Digital Trade +3
1/19/2026

The missing ingredient in SME lending and what Bahrain is trying instead

Every good recipe does two main things. It tells you what you’re trying to make, and it tells you how

Carter Hoffman
Read
Banks can’t keep up: Why it’s time to rethink payments modernisation
East Asia & Pacific +6
Cross-Border Payments +4
1/27/2026

Banks can’t keep up: Why it’s time to rethink payments modernisation

Banks are not falling behind because of poor execution, but because payments modernisation is still treated as a one-off capital

David Patrick
Read
The Emperor’s new clothes: Uncomfortable truths for treasurers in 2026
Europe and Central Asia
Corporate Treasury +6
12/29/2025

The Emperor’s new clothes: Uncomfortable truths for treasurers in 2026

Over one-third of treasury technology implementations fail. Too many FX hedging strategies leak value. And a fair amount of so-called

Eleanor Hill
Read
Between ‘technology futures’: How standards are transforming digital trade
East Asia & Pacific +6
Cross-Border Payments +4
1/27/2026

Between ‘technology futures’: How standards are transforming digital trade

Digital trade relies on technical standards. As information technologies advance, international digital standards make the technologies used in trade –

Craig Atkinson
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Musings on the US National Security Strategy, Venezuela, Greenland, and what it might all mean for trade
North America
Macroeconomic & Sovereign Risk +1
1/8/2026

Musings on the US National Security Strategy, Venezuela, Greenland, and what it might all mean for trade

Whether you love it or hate it, the United States is one of the world’s superpowers, which means that the

Carter Hoffman
Read
Stop hedging when it hurts! Less painful ways to manage FX risk in 2026
Europe and Central Asia +1
Corporate Treasury +7
1/5/2026

Stop hedging when it hurts! Less painful ways to manage FX risk in 2026

For many finance and treasury teams, FX risk has long been treated as an irritant rather than a strategic threat

Eleanor Hill
Read