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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 Responds to EC's Basel III Consultation

by Diana Rodriguez | Jan 10, 2020
On January 3, 2020, BAFT responded to the European Commission’s Public Consultation on Implementing the Final Basel III Reforms in the EU.

As the European Union begins the process of developing a Commission proposal to implement the final Basel III reforms ahead of the 2020 deadline, BAFT encouraged the Commission to take into consideration the impact on trade activities and consider utilizing discretion when implementing the Basel III framework. The response to the consultation follows a meeting BAFT held on October 31, 2019 with the European Commission to preview BAFT's trade finance priorities for the implementation of the final Basel III package.

BAFT’s Europe Council’s Basel working group will remain engaged in the coming months. For further information, please contact Diana Rodriguez, Senior Director of International Policy, at drodriguez@baft.org.

To view the BAFT response visit our Library of Documents under the Comment Letters section.