BAFT — the American Bankers Association’s global transaction banking subsidiary — commented last week on the Basel Committee’s proposed revisions to its guidance on managing risks related to anti-money laundering and terror financing. In a joint letter with the Institute for International Finance, BAFT urged the committee to acknowledge that not all correspondent banking services and not all cross-border correspondent banking relationships are high-risk, and warned against any revisions to the guidance that would inadvertently further derisking activity.
New survey probes community banks’ plans for digital assets
Double-digit shares of community bankers intend to offer tokenized deposits and stablecoin solutions within the next 12 months, according to the Conference of State Bank Supervisors' 2026 community bank survey released today.








