UK ends plans to establish ECGD as a trading fund

Url: 
http://www.forbes.com/business/feeds/afx/2007/06/26/afx3857663.html
(Thomson Financial, London, 26 June 2007) - The government said it has dropped plans to set up the Export Credit Guarantee Department (ECGD) as a trading fund. This pilot structure was established in 2004 in an effort to make the ECGD more responsive to market forces and flexible with respect to customer service, and to increase its independence from the UK Treasury and the Secretary of State for Trade and Industry.