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February 10, 2016 4:35 AM ET

Company Overview of BAFT-IFSA

Company Overview

1120 Connecticut Ave 5th Fl

Washington, DC 20036

United States



Key Executives for BAFT-IFSA

Chief Executive Officer and Director
Compensation as of Fiscal Year 2015.

BAFT-IFSA Key Developments

BAFT Announces Executive Changes

BAFT, has named Samantha Pelosi as its new senior vice president of payments and emerging technology and John Collins as its vice president of international policy. Samantha and John will be critical in driving the work do in regards to payments and emerging technology, as well as international policy. In Pelosi's new role, she will be responsible for the creation and management of all activities related to payments, cash management and emerging technology, incorporating financial crime and cybersecurity. Pelosi joins BAFT after six years with the Federal Reserve Board of Governors, serving most recently as a manager in its retail payments section. Collins will serve as the primary strategist and leader of BAFT global policy advocacy efforts. He will directly engage in policy advocacy in North America, Europe, the Middle East and North Africa, as well as Asia. Collins comes to BAFT from Coinbase, the world's leading digital currency and blockchain company. At Coinbase, Collins served as the head of policy and led all national and international policy development and strategy.

BAFT and International Chamber of Commerce Banking Commission Announce Cooperation Agreement

BAFT and the International Chamber of Commerce Banking Commission announced a cooperation agreement to improve consumer services and strengthen the global voice of the industry. One of the main objectives of the agreement is to streamline certain workflows across both organizations and leverage each other's strengths. Initial areas of cooperation will include: establishing global supply chain finance definitions; adopting standardized industry documentation, including the BAFT Master Loan Agreement and the ICC Rules for Bank Payment Obligations; increasing awareness of industry initiatives, such as Sustainable Trade Finance; and coordinating industry surveys. Through this unique partnership, ICC and BAFT will be able to come together and collaborate on facilitating domestic and cross-border trade by harmonizing definitions and business practice. The BAFT Global Trade Industry Council and ICC Banking Commission Advisory Board will also jointly discuss other opportunities for collaboration on trade finance industry needs. Each organization will continue to pursue core initiatives, and will coordinate efforts where there is common interest in order to achieve a better outcome for the industry.

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