SwiftNet Registration Authority (RA)
A Swift-registered body that identifies and authenticates an institution and the initial users of the SwiftNet Public Key Infrastructure (for example, an institution's security officer).
Swift echoes industry’s support for correspondent banking due diligence initiative, aligning KYC Registry with latest Wolfsberg Questionnaire
As part of its ongoing efforts to support the industry in tackling the global decline in correspondent banking relationships, Swift has aligned its Know Your Customer (KYC) Registry with the new Wolfsberg Correspondent Banking Due Diligence Questionnaire (CBDDQ) and Financial Crime Compliance DDQ (FCCDDQ).
Financial crime poses significant challenges for securities market participants
Securities industry leaders collaborate to help ease financial crime compliance concerns for cross-border securities accounts
Swift strongly objects to advisory opinion from WP 29
Global solution needed to balance data privacy concerns with security and public safety
Swift strongly objects to advisory opinion from WP 29
Global solution needed to balance data privacy concerns with security and public safety
Important actions resulting from March 2007 Board meeting
Swift seeking legal certainty while pursuing safe harbor status, increased contract transparency and global architecture alternatives
Ukrainian National Securities and Stock Market Commission endorses Swift’s ISO 20022 Harmonisation Charter
Ukraine seeks integration into international securities markets through adoption of ISO 20022
Will Europe overtake Asia in RMB trade settlement?
Brussels, 29 October 2013 - When RMB trade settlement was opened up in June 2012 for any corporate in the world, adoption was to start regionally in Asia and then expand to Europe, the Americas, Middle East and Africa. That may have been so. Recent Swift data however shows that RMB customer payments - a good proxy for trade settlement - in Europe grew by 163% over the last year, much higher than the 109% observed in Asia (excluding China and Hong Kong) in the same period. Growth in Europe was…
Press releases
European hubs are fuelling RMB Internationalisation
Brussels, 26 August 2014 – Swift’s latest RMB Tracker shows that Europe represents 10% of Renminbi payments worldwide in value. For the past year, four European countries have been settling into the top 10, excluding China and Hong Kong. The United Kingdom leads Europe with 123.6% growth between July 2013 and July 2014, followed by France (+43.5%), Germany (+116%) and Luxembourg (+41.9%). Since July 2013, European payments directly exchanged with China and Hong Kong in RMB have increased by 105…
Buy side holds key to ETC harmonisation across industry
London, 19 March 2013 - The lack of an industry standard solution for electronic trade confirmation (ETC) is driving up industry costs, as buy sides deliberate about which technology platform best suits their business. This is among the key findings of the latest in a series of reports from analyst firm Aite into the challenges of and solutions for trade verification in the market today.