Headquartered in Washington, DC, but active globally, BAFT closely monitors proposed or pending legislative and regulatory issues around the world, alerts members about these matters, and works with the relevant BAFT committees and experts in developing the industry's response through position papers, testimony, and comment letters. BAFT also directly advocates on behalf of its members with regulators and legislators and engages in regular dialogue with senior policy officials and decision makers in all the regions. By partnering with a wide coalition of other banking and business associations, BAFT increases the influence behind the issues most important to its members.
Special emphasis is placed on working with members' government affairs staff to ensure that BAFT lobbying efforts accurately reflect and address member concerns, and complement members' individual lobbying efforts. Our Global Regulatory Affairs and Public Policy Committee drives our engagement agenda with the Basel Committee, the US Congress and Regulatory Agencies, the European Institutions, the Bretton Woods Institutions, the World Trade Organization and the Central Banks and Finance Ministries of the wider G-20. By advocating on behalf of the transaction banking industry globally, BAFT provides leadership to build consensus in preserving the safe and efficient conduct of the financial system worldwide.