27 September 2016
Reporter: Becky Butcher

SWIFT’s ISO 20022 framework makes progress

SWIFT’s framework to support the launch of ISO 20022 has made progress with key financial market infrastructures and market practice groups.

The ISO 20022 Harmonisation Charter project has received over 20 endorsements from market infrastructure providers, as well as other participating organisations.

Both the payments market practice group and the securities market practice group are supporting the ISO 20022 project.

The Hong Kong stock exchange and a number of European CSDs and central banks will also be implementing the ISO 20022 framework.

In addition, 11 financial market infrastructures have finalised their updates of ISO 20022 specifications.

Patrik Neutjens, ISO 20022 programme director for SWIFT, commented: “In the year since we launched the ISO 20022 harmonisation charter, the global support for the initiative has grown exponentially.”

He added: “We are very pleased with the great effort that has been put forward by the FMI community and we look forward to welcoming additional participants as ISO 20022 implementation plans become more defined.”

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