The United States jumps ahead of Taiwan as an offshore RMB clearing centre
Brussels, 3 June 2014 - Swift's RMB Tracker shows that United States' RMB payments value increased by 327% between April 2013 and April 2014, placing the United States at #3 in the world for RMB payments value, excluding China and Hong Kong. In April 2014, 2.6% of total RMB payments value was carried out via the United States, up from 1.3% one year ago. Singapore remains in the top position followed by the United Kingdom.
Luxembourg now Second Highest Euro Country in RMB payments
Brussels, 27 August 2013 – Luxembourg is ranked #8 in the world for RMB payments value (excluding China and Hong Kong) in July 2013, making it the second highest placed Euro country behind France at position #6 (see April Tracker).
Swift’s Affirmations application supports compliance with EMIR
Brussels, 2 September 2013 – Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries and territories, announced today that its Affirmations application supports compliance with EMIR by making multi-asset class electronic confirmation matching accessible to players of all sizes.
RMB breaks into the top ten most-used currencies for payments
Brussels, 23 January 2014 - A symbolic milestone has been achieved by the Chinese currency, as in both November and December 2013 it was one of the top ten most-used currencies for payments in terms of value. Over the past three years, the RMB overtook 22 currencies, most recently the Singapore Dollar and the Hong Kong Dollar, and is now trailing the Swiss franc 1.12% to 1.29%.
Innotribe calls on FinTech startups to leverage the Swiftgpi platform
Join the Swiftgpi Industry Challenge: a 2 day workshop, 5 startups, 30 banks, and a chance to complete proof-of-concepts for 200,000 EUR
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
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