Geneva
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.”

More sibos news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
AI will be transformative, but is still in early stages
19 October 2017 | Toronto | Reporter: Stephanie Palmer
Artificial intelligence is a “transformational technology” that will improve productivity and security, and provide a competitive advantage, according to a live poll at Sibos 2017
Security and standards key in blockchain solutions
19 October 2017 | Toronto | Reporter: Stephanie Palmer
Distributed ledger technology (DLT) solutions should embed security measures at their very core, especially in the financial services space, according to Sibos panellists
Culture changes required before blockchain
18 October 2017 | Toronto | Reporter: Stephanie Palmer
Blockchain could lead to cost savings in the back office, but cultural change and collaboration is required before it can be fully implemented
Sibos: Data is “the new oil”
18 October 2017 | Toronto | Reporter: Stephanie Palmer
Data is considered more important than money by 57 percent of Sibos attendees responding to a live poll following the Future of Money session
Harnessing data can keep securities secure
18 October 2017 | Toronto | Reporter: Stephanie Palmer
Securities transactions are just as susceptible to cybercrime as payments, and proper use, and protection, of data is key to managing that risk, Sibos attendees have heard
Industry torn on which city will replace London as post-Brexit financial hub
17 October 2017 | Toronto | Reporter: Stephanie Palmer
Frankfurt is set to displace London as a global financial centre after Brexit, according to an audience poll at Sibos 2017, however the session’s panellists were not convinced by the results
Quick response times key to managing reputational risk
17 October 2017 | Toronto | Reporter: Stephanie Palmer-Derrien
Reputational risk should be taken as seriously as any other type of risk, and measured, organisation-wide, and well-planned responses are key to minimising it, heard panel attendees at Sibos 2017
More sibos news