May 12, 2009

The Bankers’ Association for Finance and Trade announced “next steps” today for the industry in collaboration with other stakeholders in the trade finance crisis. The announcement came at this year’s BAFT Asia Conference on Cash, Treasury and Trade in Beijing. The conference, jointly managed by BAFT and the Asian Banker, provides a timely venue for top regional and global banking authorities to discuss the transaction banking business of trade finance, cash management, and treasury services.

“Asia will play a significant role in economic recovery worldwide, and the Beijing conference provides another important forum to exchange ideas and foster business solutions amongst industry leaders,” said Donna Alexander, president of BAFT. “China's stature in the global financial system provides its banking industry leaders with a significant opportunity to help improve growth in economies around the world.”