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Advocacy, Policy and Regulation
BAFT’s members provide leadership to build consensus in preserving the safe and efficient conduct of the financial system worldwide. BAFT closely monitors the impact that new regulatory policy initiatives could have on the provision of trade financing and payment services that support the real economy. BAFT convenes working groups to guide BAFT advocacy on regulatory interests before global policy makers.
BAFT weighs in on issues including regulatory capital and liquidity requirements. It plays a central role in leading industry efforts to implement Basel III reform proposals worldwide and convenes regional working groups to conduct local policy engagement.
BAFT is focused on providing guidance on the impact of IBOR transition on the trade finance industry and developing industry best practices to transition to alternative reference rates. A global working group guides BAFT’s advocacy on the topic.
BAFT also closely tracks global trade policy developments, with special focus on finance services and market access, and data provisions that would further facilitate the delivery and availability of transaction banking services. BAFT actively participates in global industry coalitions such as Engage China, Asia Pacific Financial Forum (APFF), and the British American Finance Alliance (BAFA).
The USD LIBOR to TERM SOFR Transition
As LIBOR is phased out financial institutions will need to transition to a replacement reference rate. To enable a seamless transition from USD LIBOR to Term SOFR, participants must be prepared to optimize approach across their business portfolio.
Learn practical steps to switch to the new benchmark rate in our latest webinar co-hosted with CME Group.
- Basel Implementation Working Group
- E-SIGN Modernization Working Group
- Europe Council – Global Regulatory Sounding Board
- IBOR Transition Working Group
- British American Finance Alliance
- Engage China Coalition
- IBOR Transition
- Basel III Implementation
- Trade Agreement Negotiations