Maram Al-Jazireh, BAFT Board Chair, Interviewed on the New Global Regional Bank Council

April 6, 2023 by [email protected]

BAFT recently formed the Global Regional Bank Council to bring regional banks – those with total assets of USD$250bn or less, regardless of geographic location – together as a community to discuss issues that matter most to this group and amplify their collective voices. Joy Macknight from The Banker sat down with our very own board chair, Maram Al-Jazireh, SVP and Global Head of Financial Institutions at Arab Bank, for a closer look at the new council, and top-of-mind issues of regional banks today.

April 5, 2023 by [email protected]

BAFT together with the ICC-UK and several industry associations, has made a joint submission to the UK PRA in response to their proposed Basel 3.1 Framework. Supporting documentation included the ICC Trade Register and the ICC GCD Guarantee Update. In parallel, BAFT made it’s own submission to the UK PRA that is reflective of the global nature of BAFT’s membership.

April 3, 2023 by [email protected]

The World Trade Board launched the ‘Financial Inclusion in Trade’ Roadmap, focusing on fair and equitable access to trade finance to empower MSMEs and SMEs, and calling for industry feedback and collaboration. Please submit feedback to [email protected].

The Financial Inclusion in Trade Roadmap identifies five key areas where coordinated action can make a significant impact. These include digital infrastructure, legal/regulatory infrastructure, data infrastructure, technical assistance and new funding sources. Crucially, the Roadmap aims to accelerate the pace of change by providing a holistic framework for public and private sector collaboration.

BAFT is one of the key contributors in the development of this roadmap, together with other notable industry partners, namely the ICC UK, IFC, FCI, and ITFA.

February 14, 2023 by [email protected]

In recent years, ESG has been a hot topic across all industries. It is widely accepted that the world needs to adapt and change in order to reach a more sustainable future. But there is a creeping sense of uncertainty regarding how to implement these changes.

To learn more about sustainability approaches within the industry, Trade Finance Global spoke to Eva Rubio Garcia, head of global transaction banking at BBVA Corporate & Investment Banking at BAFT (Bankers Association for Finance and Trade)’s Europe Bank to Bank forum held in London this January. Watch the entire conversation here.

February 13, 2023 by [email protected]

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.

February 10, 2023 by [email protected]

BAFT (Website) has posted updated Legal Opinions (2022) covering BAFT Master Participation Agreements (MPA) issued in accordance with English Law (2008, amended in 2022) & (2018, amended in 2022) and New York Law (2019, amended in 2021). The Legal Opinions covering the MPA (New York Law Version) have been issued by Sullivan & Worcester, UK LLP London, and Sullivan & Worcester, LLP New York. The Legal Opinions for the MPA (English Law Versions) has been issued by Sullivan & Worcester, UK LLP London.

The BAFT MPAs were updated to accommodate LIBOR-related updates, and these newly issued Legal Opinions complete the documentation for utilization.

These documents are available for free to BAFT members and for a fee to non-members through the BAFT website “Members Tools” section.”

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