Policy News

BAFT Responds to EC’s Basel III Consultation

On January 3, 2020, BAFT responded to the European Commission’s Public Consultation on Implementing the Final Basel III Reforms in the EU.

As the European Union begins the process of developing a Commission proposal to implement the final Basel III reforms ahead of the 2020 deadline, BAFT encouraged the Commission to take into consideration the impact on trade activities and consider utilizing discretion when implementing the Basel III framework. The response to the consultation follows a meeting BAFT held on October 31, 2019 with the European Commission to preview BAFT’s trade finance priorities for the implementation of the final Basel III package.

BAFT’s Europe Council’s Basel working group will remain engaged in the coming months. For further information, please contact Diana Rodriguez, Senior Director of International Policy, at [email protected].

To view the BAFT response visit our Library of Documents under the Comment Letters section.