Latest Sibos News: Finextra Research

EU and US ink Swift data sharing deal

The European Union and United States have finally inked a deal on the provision of access to EU bank data passed over the international Swift network.

29 June 2010

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Broadridge buys City Networks

Broadridge Financial Solutions has acquired City Networks, a long-standing UK-based provider of reconciliation, multi-asset process automation and operational risk management software and services to the finance industry. Financial terms were not disclosed.

21 June 2010

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Finextra: the conversation started a decade ago

Finextra is celebrating a decade of innovation as the leading news service, information resource and community platform for financial technology professionals worldwide.

18 June 2010

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Swift insurance industry project 'dead in the water'

Interbank co-operative Swift's bid to break into the insurance business has been put on ice, after reinsurers proved unwilling to invest in the creation of a new electronic trading platform.

11 June 2010

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DTCC moves a step closer to corporate actions standardisation

The Depository Trust & Clearing Corporation (DTCC) has released for public comment a first set of drafts of corporate action announcement messages under the international ISO 200022 format.

18 May 2010

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Commission gets green light to negotiate new Swift data transfer deal with US

The European Commission has secured the approval of MEPs to re-open negotiations with the US over the provision of access to EU financial messaging data passed over the international Swift network.

23 April 2010

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Swift MT202 COV increasing workload and costs - Dow Jones survey

The majority of compliance and payments industry executives believe the new Swift cover payments rule MT202 COV has raised the standard of sanctions compliance but many also credit it with increased workloads and costs, according to surveys from Dow Jones.

22 April 2010

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Swift EBAM standard goes live

Financial messaging network Swift has gone live with its new standard for electronic bank account management (EBAM).

21 April 2010

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ECB confirms delay to T2S

The European Central Bank confirms that it has ripped up its original timetable for the introduction of a pan-European securities settlement system as it seeks to streamline its working procedures and gain a new consensus around the controversial project.

14 April 2010

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Andrew Douglas quits Swift for DTCC

Andrew Douglas has quit the Brussels-based banking co-operative Swift to join the Depository Trust and Clearing Corporation, where he will lead the US depository's public affairs efforts in Europe.

14 April 2010

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MEPs clash with Commission over new EU-US Swift data deal

European parliamentarians are demanding limitations on bank data transfers to the US and the right of legal redress for EU citizens under a new deal hatched between Brussels and US authorities over Swift data sharing arrangements.

08 April 2010

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Europe demands reciprocal access to US bank account data in Swift row

The European Commission is considering setting up a system to track terrorist financing which would require the US to hand over citizen bank transaction data. The move comes as the EC prepares to reopen negotiations with the US on access to EU bank accounts after previous arrangements were torpedoed by the European Parliament.

26 March 2010

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