BAFT News and Press Releases

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BAFT-IFSA APPLAUDS RECOGNITION OF TRADE FINANCE IN BASEL III LEVERAGE RATIO REVISION

by Tod Burwell | Jan 16, 2014
<p>"We commend the Basel Committee for adopting the final calibration of the Basel III leverage ratio, recognizing how important trade finance is to economic growth. Amendments on the treatment of off-balance sheet trade finance instruments recognize the intrinsically safe nature of these products and their importance to companies, consumers and job creation."</p><p><a target="_blank" href="http://baft-ifsa.com:80//Handlers/AptifyAttachmentHandler.ashx?AttachmentID=hflQtS209cM%3d">Click here</a> to read BAFT-IFSA&rsquo;s comment letter on the Basel III leverage ratio.</p>

“We commend the Basel Committee for adopting the final calibration of the Basel III leverage ratio, recognizing how important trade finance is to economic growth. Amendments on the treatment of off-balance sheet trade finance instruments recognize the intrinsically safe nature of these products and their importance to companies, consumers and job creation. Through this agreement, the Basel Committee has taken significant steps to ensure trade finance remains available and affordable to importers and exporters."

“This is a positive outcome for the real economy, and we recommend that amendments supporting the growth of international trade be swiftly adopted in member jurisdictions around the world.“

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Click here to read BAFT-IFSA’s comment letter on the Basel III leverage ratio.

 

BAFT-IFSA, the leading global financial services association for international transaction banking, provides a forum for analysis, discussion and advocacy amongst international financial institutions and industry suppliers on a wide range of topics affecting transaction banking, including trade finance, payments, and compliance. The association website is www.baft-ifsa.com.