Structural issues in trade credit are two-sided. On one side is the little guy. Small and medium-sized suppliers often cannot produce to annual capacity because of late payments, and commercial loans that come with onerous collateral requirements. Basel III-related capital constraints mean that universal banks have recently retrenched in the triple-B rated countries where many of those suppliers farm or manufacture, drying up liquidity in the process.
Meanwhile, only a concentrated, select
BlockRe’s Raymond Zenkich joins to talk about the challenges of offering insurance products for bitcoin and other cryptocurrencies.Subscribe to Weekly Wrap emails