ECGD revises new corruption rules
28 August 2012
The Export Credit Guarantee Department (ECGD) is defending the revision of its procedures to combat bribery and corruption.
Tough new rules were brought in last May by the ECGD, the government-backed provider of loan insurance for companies that win overseas contracts.
The amendments, which took effect yesterday, came after complaints from some business groups, including the Confederation of British Industry (CBI).
They argued that the rules placed an unrealistic...