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Fraud, rules and thin margins putting global banks off commodity financing

High-profile cases such as Hin Leong, Zenrock likely last straw for Euro banks, especially since Basel IV regulations took effect, say market watchers

The collapse of Hin Leong was the biggest scandal in the industry this year, with over 20 banks owed more than US$3 billion.


SINGAPORE'S reputation as a trusted commodity trade financing hub has taken a hit of late, with the industry rocked by the recent spate of high-profile fraud scandals the likes of Hin Leong and Zenrock, said industry watchers.

Revelations of fraud were likely the last...

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