BAFT News and Press Releases


BAFT 2016 Annual Review

by User Not Found | Sep 12, 2016
2016 BAFT Annual Review is now available to view online.
2016 BAFT Annual Review is now available to view online. BAFT has worked on many different initiatives on behalf of its members and the industry. You’ll find a summary of the many initiatives undertaken over the past year, and many that are still in flight, including:
  • Launch of the Innovation Council
  • Publication of Standard Definitions for Supply Chain Finance Techniques
  • Launch of the Future Leaders Program
  • Continued engagement in de-risking and financial crime dialogue
  • FATF 16 best practices guidance paper, Best Practices and Guidance: Formatting Payments and Handling Inquiries Related to FATF Recommendation 16
  • Sanctions Guidance on Shipping Issues Related to Financial Products
  • Comment letters on regulatory approach to innovation
  • Successful re-authorization of the U.S. Export-Import Bank
  • FATCA guide and sourcing fee matrix
  • Engagement in Federal Reserve Faster Payments Task Force
  • Advocacy on Article 55, Basel and more
For more details on each of these initiatives, we invite you to read the Annual Review.