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 Review of the US Implementation of Basel III

    by Patrick DeVilbiss | Jul 12, 2013
    A document reviewing the US implementation of Basel III is now available to all members in the document library.
  • BAFT-IFSA Applauds European Recognition of Trade Finance in Basel III Implementation, Urges Global Harmonization

    by Tod Burwell, President and CEO, BAFT-IFSA | Apr 16, 2013
    “We commend the European Union for recognizing how important trade finance is to economic growth in their adoption of the Capital Requirements Directive IV, implementing Basel III in the EU. Amendments agreed by the EU institutions on capital, leverage and liquidity requirements for trade finance recognize the intrinsically safe nature of these products and their importance to companies, consumers and job creation.

              “Through these amendments, the European Union has taken significant steps to alleviate the regulatory burden for trade finance and to ensure it remains available and affordable to importers and exporters. This is a positive outcome for the real economy, and we ask the G-20 and the Basel Committee to recommend that these Basel III changes be adopted in all member jurisdictions around the world.

              “We will continue to work with the business community and other financial industry groups to encourage regulators to harmonize these sensible, pro-growth changes during the global implementation process.”

    Click here to read a one-page summary of these amendments.
  • BAFT-IFSA Discusses Innovation During Asia Bank Forum in Hong Kong

    by CMK | Mar 11, 2013
    FOR IMMEDIATE RELEASE
    March 8, 2013
    BAFT-IFSA Media Contact: Meghan French
    (202) 663-5468
    Email: mfrench@aba.com

    BAFT-IFSA DISCUSSES INNOVATION DURING ASIA BANK FORUM IN HONG KONG
    WASHINGTON – BAFT-IFSA, an international financial services association, recently concluded its Asia Bank to Bank Forum, an event that drew senior participation from a cross-section of domestic, regional and international banks, as well as government and technology practitioners.  The forum, which focused primarily on transaction banking, was organized by BAFT-IFSA’s Asia Council and took place March 6-7 in Hong Kong.

    Asian banks are building powerful transaction banking capability in their region, and the forum brought them together to consider topics including the changing economic drivers of trade and commerce flows, regulation in the post global financial crisis period, innovation, sustainability, regulation and the role of technology and social networking in the evolution of payments and trade business.

    “Growth will continue, but asymmetrically, as seismic shifts in demographics, the environment, technology, regulation and socioeconomic power fundamentally change the dynamics of the marketplace and our business,” said Alex Holcomb, co-chair of BAFT-IFSA’s Asia Council and group general manager of global transactional services for Westpac Banking Corporation.

    The content combined global perspectives with “in the moment” local issues Asian banks face as they build businesses across the region.  Operating under Chatham House rule, the discussion was open and collaborative.  

    “BAFT-IFSA has a special role to play in providing a mechanism for tackling the big questions facing our industry. Exchanges, like this one in Asia, advance the dialogue and offer significant business opportunity for organizations facing increasingly complex economic, regulatory and sustainability challenges in one of the most dynamic regions in the world,” said Jeremy Wilson, chairman of BAFT-IFSA and vice chairman of Barclays Corporate Bank.

    BAFT-IFSA is the leading global trade association for International Transaction Banking. It helps bridge solutions across financial institutions, service providers and the regulatory community that promote sound financial practices enabling innovation, efficiency, and commercial growth. Learn more at BAFT-IFSA.com.