Standards bearer

SWIFT takes the lead in developing new financial standards.

At Sibos this year, perhaps the most overused word was standards. Standards form a vital part in all our lives, from ensuring that electricity flows from the same plug sockets, to making sure cars in one country all drive on the same side of the road.

In the international financial payments and settlements arena, standards are a vital component to ensuring interoperability, moving towards STP and reducing overall systemic risk.

Reflecting the crucial role that standards play in SWIFT's business, this year's Sibos has had a special focus on the area. For the first time a Standards Forum was held alongside the usual conference and...

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