Tod – BAFT concerned about sound, secure and resilient system as regulators struggle with cybercrime

Reported by: |Updated: January 2, 2018

Bankers Association for Finance and Trade provides thought leadership, best practices & policy advocacy to banks and non-banks involved in transaction services. Tod R. Burwell, President & CEO at BAFT, says regulators main concern are in areas like financial crimes & frauds, cyber security & data protection. BAFT also believes that information sharing should be done by firms across sector and across jurisdiction to mitigate financial risk.