Current Issues

We serve as the industry’s voice before multilateral agencies, export credit agencies, finance ministries, central banks and legislative bodies. We collaborate around the world with other industry groups and trade associations. As a member of BAFT, we represent you in continually striving to:

  • develop international standards such as the “Master Participation Agreement” for trade risk
  • support the “national treatment” of financial firms in the markets where they do business
  • promote the harmonization of financial services regulation and supervision between countries
  • coordinate with private and public sector stakeholders to ensure that governments, multilateral agencies, and leading policymakers around the globe have substantive feedback and reliable data on market dislocations and industry trends
  • Advocate for the positive consideration of trade finance and transaction banking under the Basel capital and liquidity framework
  • Use common Trade Finance Definitions to standardize industry/regulatory terminology and facilitate prioritization of trade risk in sovereign events
  • Ensure the continuation of benefits afforded companies via ECA financing

Policy News

BAFT Submits Letter to European Banking Authority on Article 55 of the BRRD

by User Not Found | Oct 02, 2016
On September 30, BAFT submitted a letter to the European Banking Authority urging amendment of Article 55 of the BRRD. <a href="/docs/default-source/policy-department-documents/baft-letter-to-eba-re-mrel-report-aug-30-2016.pdf?sfvrsn=0">Read the Full Letter</a>

On Tuesday, September 30th, BAFT submitted a letter to the European Banking Authority (EBA) in response to their interim report on minimum requirement for own funds and eligible liabilities (MREL).  In the report, the EBA recognized the serious problems implementation of Article 55 presents for trade finance and offers a number of policy approaches for the European Commission to consider.  BAFT thanked the EBA for its work and urged them to adopt a blended approach, limiting the scope of Article 55 while at the same time providing national authorities the power to offer waivers where necessary. 

BAFT Letter to EBA re MREL Report Aug 30 2016