290 articles tagged with this keyword
News/Financial messaging
A Web portal for assigning Commodity Futures Trading Commission (CFTC) identifiers to firms involved in OTC derivatives trading has gone live.
21 August 2012
Shares in Standard Chartered fell more than 20% in morning trading after a US regulator accused the bank of falsifying thousands of Swift wire payment directions to help hide $250 billion in transactions linked to Iran.
07 August 2012
The Financial Stability Board has abandoned plans for a global registration authority for Legal Entity Identifiers in favour of a federated network, dealing a hammer blow to the ambitions of interbank messaging network Swift to play a central role in the roll out of the new standards.
04 May 2012
Under orders from the EU, Swift has taken the unprecedented step of cutting off its financial messaging network to Iranian banks subject to European sanctions.
15 March 2012
The introduction of a common global language for financial counterparties and products could ultimately lower barriers to market entry and make some bank functions surplus to requirements, a senior Bank of England policy maker says.
Financial messaging network Swift is preparing to upgrade its Alliance Lite system, bringing the option of cloud-based connectivity to most customers.
01 March 2012
The BIS-backed Financial Stability Board has set up a working group to deliver concrete recommendations on governance issues relating to the management of new Legal Entity Identifiers (LEI) in the global securities markets.
11 January 2012
Dion Global Solutions has acquired a controlling stake in Frankfurt-based Swissrisk Financial Systems. Terms of the deal were not disclosed.
04 January 2012
BNP Paribas Cash Management and Bottomline Technologies have formed a Swift Service Bureau partnership in the UK and Ireland.
12 October 2011
Delegates at the annual user conference of financial messaging body Swift were given more information about the development of the legal entity identifier (LEI) messaging standard designed to produce an electronic tag for the counterparties in all securities transactions
22 September 2011
Financial messaging network Swift has announced that its MyStandards project is now recruiting users after completing a closed pilot phase.
UK-based payments shop Earthport is to adopt the standards laid down by International Payments Framework Association (IPFA) as part of an international drive to meet small business demands for more efficient cross-border payments services.
20 September 2011
A bank-led initiative to develop a utility model for end-to-end automation in the payment investigations process is being held back by a lack of corporate involvement.
Bankers and corporates do not expect to meet a 2014 deadline for Sepa compliance, according to a straw poll of delegates conducted during a panel discussion of the controversial payment initiative at the annual congress of banking co-operative Swift.
19 September 2011
SunGard has reached an agreement on the acquisition of Syntesys, a European Swift service bureau, in a bid to expand its outsourcing service for corporate to bank messaging.
Financial messaging co-operative Swift is bundling its suite of data directories to create a Web-based one-stop shop for payments-related reference data.
06 September 2011
Data management issues continue to impede the efforts of financial institutions to develop effective strategies for dealing with liquidity risk, according to a survey from Swift.
19 August 2011
Financial messaging network Swift has outlined plans to build a business continuity service that will keep Real Time Gross Settlement (RTGS) systems operating in the event of a major outage.
18 July 2011
Financial messaging network Swift and the Depository Trust and Clearing Corporation (DTCC) have won two separate industry data management mandates, for the development of a Legal Entity Identifier (LEI) utility and electronic foreign exchange repository.
12 July 2011
Financial information network Swift is marketing a directory and software tool designed to help corporates validate and set-up Iban account codes for customer and supplier payments in time for the Sepa deadline.
08 July 2011
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