29 Apr 2022
UNIFE position on the alignment of EU rules on capital requirements to international standards
The Capital Requirements Regulation (CCR3) update proposed by the European Commission in October 2021 can have severe implications for the for the provision of cost-effective trade finance to the real economy. UNIFE, as part of a broader coalition that includes the International Chamber of Commerce (ICC), the banking sector and strategic European industries, is actively advocating for maintaining the Credit Conversion Factor (CCF) for Technical Guarantees at 20% and seeking clarity on the application of the effective maturity recognition for trade finance products. Read this position paper for our full assessment of this development's impact on Europe's rail supply industry.