Committee Listing
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NameDescriptionChair 1Chair 2
BAFT - Asia Trade Finance CommitteeThe Asia Trade Finance Committee addresses the interests of BAFT Asia-based members seeking to optimize the role they play in supporting their clients’ open account and traditional trade finance activities. This includes trade financing, transaction processing, payments, and associated regulatory compliance concerns. The committee provides the opportunity for participants to engage in dialogues on market practice and develop best practices within the banking industry that can be leveraged across stakeholders in trade finance.  
BAFT - Canada Trade Workshop Planning Committee   
BAFT - Central Letters of Credit SubcommitteeThe Commercial Letters of Credit Committee is an operations-oriented committee focused on issues that directly impact the daily processing environment related to commercial letters of credit. The Committee provides comments on all ICC rules, practices, and queries related to commercial letter of credit operations. Regional subcommittees address regional issues and provide input, case study material, speakers, and oversight to the regional letters of credit workshops. Nartker II, William/Fifth Third Bank, N.A. 
BAFT - Commercial Letters of Credit CommitteeThe Commercial Letter of Credit Committee focuses on issues and responds to questions that directly impact the processing environment related to commercial letters of credit. The Committee provides comments on various ICC rules, practices and queries related to commercial letter of credit operations. The Commercial LC Committee also develops input, case study material, speakers and oversight to the LC workshops as well as applicable participation in conference sessions on Trade. Additionally, the Committee supervises and supports the on-going work of the regional sub-committees.  
BAFT - Global Regulatory Affairs & Public PolicyThe Global Regulatory Affairs & Public Policy Committee provides subject matter expertise to BAFT staff on legislative and regulatory matters important to the general membership of BAFT. Wandhofer, Ruth 
BAFT - Intraday Liquidity Working GroupA major work stream that has been requested by members of BAFT involves further advocacy and the development of sound practices in the area of intraday liquidity management tools. These tools were finalized by the Basel Committee on Banking Supervision (BCBS) in April 2013. As of now, few jurisdictions have moved very far on implementation and the industry believes that closer coordination and understanding of how these tools function and apply will be vital for cross-border financial institutions. A working group has been formed in conjunction with the IIF.  
BAFT - Legal Advisory GroupThe Legal Advisory Group provides legal advice for the vetting and creating of products and ideas that affect the industry. The group provides advice on how and whether to proceed on various projects and initiatives and advance the discussion on industry best practices.Wiseman, Michael/Sullivan & Cromwell LLP 
BAFT - Membership CommitteeThe BAFT Membership Committee is established under the aegis of the board of directors, and is responsible for oversight of membership policy, development of member recruitment and retention strategy, approval of new members, and guidance regarding changes to membership benefits or dues.Peterson, James/Northern Trust International Banking Corporation 
BAFT - NY Metro Commercial L/C CommitteeNY Metro Commercial L/C CommitteeBaranello, John/Lloyds Banking Group 
BAFT - Payments CommitteeThe Payments Committee monitors and addresses national, regional, and global payments issues, especially those involving high-value, cross-border payments. The committee follows compliance requirements related to payments, including AML/CFT and sanctions. It covers significant changes to payments formatting and processing. The committee also discusses the development and management of funds transfer products. The committee interacts with the key messaging and payment system operators to ensure it keeps abreast of and communicates changes in their processes, rules, and standards. The committee assists the industry in the formulation of policy positions and shares industry best practices related to payments. Finally, the committee oversees and updates the BAFT Interbank Compensation Rules.  
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