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Current Issues


We serve as the industry’s voice before multilateral agencies, export credit agencies, finance ministries, central banks and legislative bodies. We collaborate around the world with other industry groups and trade associations. As a member of BAFT, we represent you in continually striving to:

  • develop international standards such as the “Master Participation Agreement” for trade risk
  • support the “national treatment” of financial firms in the markets where they do business
  • promote the harmonization of financial services regulation and supervision between countries
  • coordinate with private and public sector stakeholders to ensure that governments, multilateral agencies, and leading policymakers around the globe have substantive feedback and reliable data on market dislocations and industry trends
  • Advocate for the positive consideration of trade finance and transaction banking under the Basel capital and liquidity framework
  • Use common Trade Finance Definitions to standardize industry/regulatory terminology and facilitate prioritization of trade risk in sovereign events
  • Ensure the continuation of benefits afforded companies via ECA financing

Policy News

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

by Tod Burwell | Jan 16, 2014

"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."

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

“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.