Event News

Digital Euro Could Be in Circulation by 2027, ECB Tells Bank Forum

During the recent BAFT Europe Bank to Bank Forum, an esteemed panel of experts led by Lee Braine, Head of Advanced Technology, Barclays; Xiaonan Zou, Head of Innovation and Digital Assets, UBS AG, Group Treasury; and Jürgen Schaaf, Advisor to the Senior Management Market Infrastructure and Payments, European Central Bank (ECB) discussed retail vs wholesale CBDCs, synthetic digital currencies, possible digital euro circulation date and more. Read the full article here.  

VIDEO | Think Data, Not Documents: Advancing MLETR in 2023

At the BAFT Europe Bank to Bank Forum, experts from across the industry discussed the future of banking and trade finance during the “Accelerating the Use of Electronic Trade Documents” session. The panel discussed the role of UNCITRAL’s Model Law on Electronic Transferable Records (MLETR) in supporting the regulatory environment for digital trade. Hear more from Luca Castellani, one of the panelists from UNCITRAL on advancing MLETR in 2023. 

Trade Finance Global Announces International Trade Awards 2022 Winners

The 2022 TFG International Trade Awards were awarded at the 2022 BAFT Global Annual Meeting covering seven global categories, seven markets, six specialist categories, and two individual categories.

LONDON/WASHINGTON –Trade Finance Global (TFG) announces the winners of the 2022 International Trade Awards in cooperation with BAFT. Now in its sixth year running, the TFG International Trade Awards 2022 recognize those who have provided an outstanding contribution to global trade and finance.

This year’s winners were announced at BAFT’s 2022 Global Annual Meeting in Washington, DC on May 4. BAFT would like to congratulate this year’s winners.

Global

  • Best Trade Financier – Citi
  • Best Receivables Financier – ING Bank
  • Best Supply Chain Financier – Citi
  • Best Export Credit Agency – UK Export Finance (UKEF)
  • Best Multilateral Development Bank – African Export–Import Bank (Afreximbank)
  • Tradetech Innovator Award – Surecomp
  • Sustainable Trade Finance Award – European Bank for Reconstruction and Development (EBRD)

Regional

  • Best Trade Financier in Western Europe – Commerzbank
  • Best Trade Financier in Central and Eastern Europe – Raiffeisen
  • Best Trade Financier in the Middle East – First Abu Dhabi Bank (FAB)
  • Best Trade Financier in Africa – Rand Merchant Bank
  • Best Trade Financier in Asia Pacific – Bank of China
  • Best Trade Financier in North America – J.P. Morgan
  • Best Trade Financier in Latin America – Santander

Specialist

  • Best Trade Finance Deal of the Year – Allen & Overy
  • Best Trade Finance Education Provider – London Institute of Banking & Finance (LIBF)
  • Best Trade Finance Law Firm – Sullivan Law
  • Best Trade Credit Insurance Provider – AIG
  • Best Islamic Financier –  International Islamic Trade Finance Corporation (ITFC)
  • Trade Digitization Award – Enigio

Individuals

  • Outstanding Contribution to Trade Finance – Steven Beck, Asian Development Bank (ADB)
  • Rising Trade Finance Star – Haitham Elsaid, Qatar National Bank Al-Alahli

Read the Winners’ Interviews Here >

TFG would like to thank all nominations for all 22 categories across seven different markets, and 18 judges of the steering committee for what was a challenging judging process. TFG takes great pride in making the awards as impartial as possible.

Mark Abrams, Head of Trade Finance, TFG said:

“We are proud to award outstanding companies and individuals for their contribution to the trade finance industry over the past 12 months, which have been far from normal.”

“Now in its 6th year running, we’re delighted to collaborate with BAFT and would like to thank our independent steering committee for their time and efforts in running the rigorous judging process.”

Scott Stevenson, Senior Vice President of Trade, BAFT said:

“BAFT is extremely honored to be taking part in this year’s TFG International Trade Awards and appreciates the opportunity to recognize industry leaders in trade, supply chain and receivables finance.”

TFG Media Contact:
Deepesh Patel
Director, Partnerships and Marketing
[email protected]
+44 (0) 750 739 8018

BAFT Recognizes Honorees for Ambassador of the Year at 2022 Global Annual Meeting

Announced at the 2022 Global Annual Meeting in Washington, DC on May 3, BAFT is pleased to recognize the following individuals for their tireless commitment and contribution to the success of association and its work.

To publicly acknowledge individuals from member organizations who have volunteered their time and worked tirelessly with the association throughout the prior association calendar year, BAFT annually awards select members with the BAFT Ambassador of the Year Award.

Ambassadors of the Year are individuals representing member organizations recognized by BAFT on an annual basis. Following nomination submissions, annual honorees are chosen following a weighted voting process by BAFT staff.

Officially announced at the 2022 Global Annual Meeting, BAFT is honored to recognize the following individuals for the invaluable assistance they have provided to the association throughout the past year and for helping to continually drive the mission and vision of the organization forward. 

  • Rana Beydoun, Head of Financial Institutions, BLOM Bank
  • Caryn Pace, Managing Director, Global Trade and Supply Chain Finance, Bank of America
  • Barry Tooker, Chief Product Officer & Global Head of Product Management, iSoftware4Banks

We would like to thank each of the awardees for their time and recognize their organization’s commitment to the advancement of transaction banking. Each honoree has been recognized respectively for their contributions to the advancement of sustainability and support of the association’s work in the Middle East; leadership in the LIBOR Transition Working Group and Future Leaders Program; and development of BAFT education and training programs.

Honorees received their official awards at the BAFT Ambassador of the Year awardee ceremony in Washington, DC on May 3, 2022.

Premier of Montserrat to Attend Two US-Based Meetings

Montserrat Premier and Members of the Caribbean Association of Banks to Discuss Banking on Visit to the U.S. at the 2022 BAFT Global Annual Meeting.

MONTSERRAT/WASHINGTON – The Premier of Montserrat, Hon. Joseph E Farrell will be on overseas duty from April 23 to May 5, 2022 as he will be attending meetings in Miami and Washington, DC.

Premier Farrell, whose portfolio includes Tourism, will attend the Seatrade Cruise Global Conference in Miami Beach, Florida from Monday April 25 to Thursday April 28, 2022. His delegation will include the Director of Tourism, Rosetta West-Gerald; Project Manager at the Tourism Division, Charlesworth Phillip and Private Sector Representative, Tour Operator, Roselyn Cassell-Sealey.

In addition to their attendance at the conference which includes workshops, the Montserrat delegation will also attend meetings with several cruise liners and will have an opportunity to display Montserrat branded collateral during the Expo which runs from April 26 to 28. The Montserrat Port Development project will also be highlighted during the week long activities.

Following this meeting, the Premier & Minister of Finance will travel to Washington, DC for the May 1-4, 2022 BAFT Global Annual Meeting.

The meeting will provide an opportunity for the Caribbean Association of Banks (CAB) Member Banks to network with North American banks at the largest correspondent banking event in the United States where industry professionals will be able to network, conduct bilateral meetings, and engage in topical discussions and sessions on the global transaction banking industry.

There will also be a Caribbean Banking Roundtable hosted on May 2, 2022 where BAFT and CAB will convene a group of Caribbean and U.S. Banks along with respective governments together in one room to discuss challenges in correspondent banking for the Caribbean community and opportunities to engage with North American banks.

BAFT Media Contact:
Blair Bernstein
Director, Public Relations
[email protected]
+1 (202) 663-5468

Follow Us: @BAFT

TFG International Trade Awards 2022 Open for Nominations, Steering Committee Announced

Now in its sixth year running, the TFG International Trade Awards 2022, in cooperation with BAFT, recognize those who have provided an outstanding contribution to global trade and finance.

London, UK –  Nominations for the Trade Finance Global International Trade Awards 2022, in cooperation with BAFT, are now open.

Award winners are recognized for their outstanding contributions to global trade and finance. Now in its sixth year running, the annual TFG Awards are presented to businesses and service providers in trade, supply chain, and receivables finance. The TFG Awards logo is used as a badge of excellence in both the intermediary (B2B) and direct (B2C) markets.

This year, Trade Finance Global (TFG) is announcing the winners at the 2022 BAFT Global Annual Meeting in Washington, DC on May 4, 2022.

International Trade Awards 2022 Categories

Global

  • Best Trade Financier
  • Best Receivables Financier
  • Best Supply Chain Financier
  • Best Export Credit Agency
  • Best Multilateral Development Bank
  • Sustainable Trade Finance Award
  • Tradetech Innovator Award
  • Best SME Trade Finance Lender

Regional

  • Best Trade Financier in Western Europe
  • Best Trade Financier in Central and Eastern Europe
  • Best Trade Financier in the Middle East
  • Best Trade Financier in Africa
  • Best Trade Financier in Asia-Pacific
  • Best Trade Financier in North America
  • Best Trade Financier in Latin America

Specialist

  • Trade Finance Deal of the Year
  • Best Trade Finance Education Provider
  • Best Trade Finance Law Firm
  • Best Trade Credit Insurance Provider
  • Best Freight Forwarding & Logistics Company
  • Best Islamic Trade Financier
  • Trade Digitalization Award

Individuals

  • Outstanding Contribution to Trade Finance
  • Rising Trade Finance Star

Steering Committee for 2022 Announced

The TFG Steering Committee is made up of experts and leaders from all areas of trade, including finance, technology, policy, and governance. Members of the steering committee will provide their impartial views to TFG’s leading annual awards campaign that aims to promote inclusive trade as a force for good.

Members

  • Mark Abrams, Trade Finance Global
  • Robert Besseling, Pangea Risk
  • Steven Beck, Asian Development Bank (ADB)
  • Noreen Cesaro, OWIT UK
  • Sean Doherty, World Economic Forum
  • Sean Edwards, ITFA
  • Emmanuelle Ganne, World Trade Organisation
  • Angela Koll, Commerzbank
  • Tomasch Kubiak, ICC
  • Maria Mogilnaya, Independent
  • Peter Mulroy, FCI
  • Rudolf Putz, EBRD
  • Harri Rantanen, Standardised Trust
  • Ian Sayers, International Trade Centre
  • Susan Starnes, IFC
  • Scott Stevenson, BAFT
  • NLN Swaroop, HSBC
  • Erik Timmermans, WOA

Find out more about the awards and nominate yourself or a company here.

TFG Media Contact:
Joana Fabiao
Marketing and Editorial Assistant
Trade Finance Global
[email protected]