Today, BAFT's role is little changed from the objectives laid out by the founders. BAFT continues to provide an educational and networking platform for its members and remains a catalyst in the development of solutions in international banking legislation and regulation. BAFT's high-quality programs and conferences have allowed bankers from around the world to network, and to debate, discuss, and share issues of common interest and concern. Since the opening of its Washington, D.C. office in 1971, BAFT's international lobbying activity has contributed significantly to better treatment for all banks operating in global financial markets.