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 Response to EC Public Consultation on AML Action Plan

by Diana Rodriguez | Aug 28, 2020
On August 27, BAFT responded to the European Commission’s Action Plan for a comprehensive Union policy on preventing money laundering and terrorism financing.

BAFT supports greater coordination and a more effective framework to prevent money laundering and terrorist financing across Europe. In drafting the response to the consultation, BAFT surveyed members in Europe to assess their views on the European Commission's AML Action Plan which includes six pillars:

  • Effective implementation of existing rules
  • A single EU rulebook
  • EU-level supervision
  • A support and cooperation mechanism for financial intelligence units
  • Better use of information to enforce criminal law
  • A stronger EU in the world
To view the comment letter, visit our Library of Documents under the Comment Letters section or download the pdf here.