closing-plenary-contemplates-collaboration

Closing plenary contemplates collaboration

The success of SWIFTÆs new four-year plan will depend on greater dialogue between banks.

By Cherie Marriott

October 13, 2006

Panelists at the closing plenary of Sibos 2006 have thrown down the gauntlet to SWIFT members to foster collaboration. Otherwise, they say, the networkÆs objectives of expanding its messaging footprint and bringing new members into the fold will be difficult to achieve.

In the closing plenary on Thursday, host Leonard Schrank, SWIFTÆs CEO, asked panelists to summarise the weekÆs events and articulate the challenges that stand in the way of achieving SWIFTÆs four-pronged expansion strategy.

The general comments from the stage were positive. ôSibos has no doubt become a major industry gathering,ö says Jacques-Philippe Marson, president and CEO of BNP Paribas Securities Services and a SWIFT board director. ôI was astounded by...

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