SWIFT
Russia’s foreign currency debt pile at risk of default
Sanctions could block coupon payments on $200bn of externally held foreign currency bonds
Op risk data: losses decline sharply in first half
Conduct losses account for most of $8.5 billion total. Data by ORX News
ASX to offer blockchain free to lure early adopters
Teaser intro would be for three years, while users would still be charged for Swift and AMQP connections
Swift user break-ins a ‘repeat business’ for hackers
Cyber thieves have accessed the interbank messaging system through small, developing world banks
Maybank takes to the dark web to tackle hackers
Bank’s CRO and CTO discuss front-foot approach to cyber threats
Swift’s CRO on Bangladesh Bank heist, cyber risk and DLT
Quraishi lays out Swift’s approach to members’ security, and technological risks and opportunities
Cyber assault on Russian banks mirrors Swift attacks
‘Advanced persistent threat’ attacks threaten wholesale payment networks
Swift CEO gives network top marks despite $81m Bangladesh Bank theft
Banks need to upscale their security infrastructure, says Leibbrandt
Swift details plan to toughen cyber defences
Five “strategic initiatives” designed to help global financial community prepare for future attacks
Distributed ledger innovators imagine a world without CSDs
CSDs counter they fulfil functions blockchain cannot, and regulatory changes are needed to disintermediate them
Barclays taps blockchain for equity swaps, options, swaptions
Regulatory capital savings offered by instant settlement of smart contracts on distributed ledgers
End of sanctions offers chance to fix Iran’s banking sector
Complex political situation makes reform more challenging
Best financial crime product: Swift
Swift offers firms assistance in avoiding entities and individuals hit by sanctions
The global network of payment flows
This paper considers a network of cross-border SWIFT message flows where nodes are the countries in which the sending and receiving banks are domiciled. The authors analyze how the payment flows reflect or predict various aspects of the real economies.
HSBC hires Liu in China product strategy role, and other recent job moves
Job changes in the derivatives, regulation and risk industry throughout Asia
Sanctions compliance a struggle for banks
Banks facing wider sanctions and tougher enforcement
NSA hacking undermined trust, Swift tech head says
Threats are "people we thought were our friends"
Six major banks sign up to Swift's KYC exchange
Project aims at due diligence database
Nigerian financial infrastructures increasing cooperation
If you build it, they will come
RBS executive calls for AML and KYC collaboration
International banking head backs central utility function