On May 12, 2025, BAFT responded to the Office of Management and Budget’s (OMB) request for information regarding Deregulation.
Click below to read the comment letter in its entirety.
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BAFT White Paper on The Impact of Stablecoins on Payments
The Impact of Stablecoins on Payments
An In-Depth Analysis of How Stablecoins are Reshaping the Global Payments Ecosystem
“The Impact of Stablecoins on Payments” is a comprehensive examination of the growing role of stablecoins in domestic and cross-border payments and the implications for financial institutions, regulators, and payment service providers.
As stablecoins continue to gain traction as a digital payment instrument, their promise of near-instant settlement, reduced transaction costs, and programmability is reshaping traditional paradigms in the payments industry. The white paper explores these developments across four key dimensions:
1. Market Landscape and Use Cases
2. Risks and Operational Challenges
3. Regulatory Outlook and Compliance Considerations
4. Interoperability with Traditional Payment Systems
As a benefit to BAFT members, this whitepaper is free and available for early access to members to download before others in the industry.
BAFT Comment Letter to FATF’s Second Public Consultation on Payment Transparency: Proposed Revision to R.16.
On April 18, 2025, BAFT responded to the second public consultation on the Proposed revisions to R.16 (the “consultation”).
Click below to read the comment letter in its entirety.
BAFT Publishes Updated Master Trade Loan Agreement (MTLA) – 2025 English Law
The 2025 Master Trade Loan Agreement (MTLA) is designed as an industry-standard document used for lending between financial institutions to finance or refinance specified trade transactions. The 2025 MTLA – English Law reflects changes based on current market expectations, law, and practice including the demise of LIBOR, and the impact of Brexit―as EU Law no longer applies to the UK.
Click on the link below to read more about the 2025 MTLA.
BAFT Comment Letter to the USTR to Identify Unfair Trade Practices
On March 11, BAFT submitted a letter in response to USTR’s request for comments to assist in reviewing and identifying unfair trade practices and initiating necessary actions to investigate harm from non-reciprocal trade arrangements.
Click on the link below to access the comment letter.
BAFT Comment Letter to the Federal Reserve in Response to Expansion of Fedwire Funds Service and National Settlement Service Operating Hours
On September 6, 2024 BAFT made its’ submission to the Board of Governors of the Federal Reserve System in response to the Expansion of Fedwire Funds Service and National Settlement Service Operating Hours
Click on the link below to access the comment letter.
