The traditional way of doing business can sometimes prove to be administratively cumbersome and inefficient and the costs involved are high. Moreover, there are a number of risks associated with trade finance that, if not properly managed, can prove to be fatal for the different stakeholders. In a global economy, efficiency is the order of the day.
BIS central bankers’ speeches  1  Balance sheet restructuring Previous crises have shown that prompt and decisive balance sheet repair after a period of excessive credit growth is the best way to restore sustainable growth. 1 Post-recession growth may not even be significantly weaker than normal if the overleveraged financial sector aggressively cuts back excess credit in the recovery phase.