BAFT (Bankers Association for Finance & Trade), an international financial services association, released an updated English law Master Participation Agreement (MPA). The original English law MPA, drafted more than 10 years ago, serves as the industry standard for secondary market transactions to facilitate the buying and selling of trade finance-related assets globally.

Read More Aug 31, 2018

A joint letter regarding the conflict of law presented by the snap back of sanctions under the Joint Comprehensive Plan of Action (JCPOA) and the EU Blocking regulation has been submitted by BAFT, TCH and ABA.

Read More Aug 10, 2018

Two important developments in U.S. financial services innovation occurred July 31, 2018: (1) The Department of the Treasury issued a long-awaited report on fintech and innovation in the financial system and (2) the OCC announced that it will begin accepting applications for national bank charters from fintech companies engaged in the business of banking.

Read More Jul 31, 2018