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Expert views

2015 Expert views

2015 Expert views

Reshaping the future of corporate banking

“Transaction banking is an environment of high investment and taken in isolation, individual aspects of the value chain are often not profitable. It is unknown whether the new entrants can match the strength of transaction banks in this respect. “
2015 Expert views

Global trends in regulated securities markets: how to return to a path of growth?

“The next ten years in the securities markets are likely to be far more transformational than what has come before. All the players in the securities services industry need to collaborate in order to foster the innovations that will deliver greater value to all our institutional clients.”
2015 Expert views

The future of Corporate Banking – what do corporate clients expect from banks?

“Banking solutions for corporate treasurers today have to be very much tailored to individual companies’ requirements. Knowledge of the corporate’s business and treasury operations are vital if a bank is to help treasurers fulfil the requirements of their rapidly changing roles.”
2015 Expert views

Securities market infrastructure innovation: the next frontier

“Building pacifically a single, integrated, efficient and sound organisation always takes time, because we are working on the basis of the sum of individualities which all have something to bring and/or to defend.”
2015 Expert views

Real-time: how fast is too fast? (Payments industry view)

“For banks in Europe, huge costs and risks are associated with real-time payments with very little return in terms of a business case. Real-time payments are coming, but more attention must be paid to the liquidity and risk issues if we are to have a successful Europe-wide real-time payments system.”
2015 Expert views

Real-time: how fast is too fast? (Securities industry view)

“The CSDR has provided the legal framework to reduce settlement cycles in Europe and if necessary go beyond T+2. But other organisational and technical improvements must be made and the technical framework is not yet able to manage a move to T+0.”
2015 Expert views

Spotlight on digital ID

“Striking a balance between simplicity and security is different for retail and for corporate customers. In cash management systems, we can have security that requires certification and multiple signatures. But such an approach would be too complex for the retail banking environment.”
2015 Expert views

Capital market harmonisation: how to align market liberalisation and regulatory supervision?

“The financial industry and financial regulators need to find the right balance of regulatory action and response in order to foster investor confidence. There is still a great degree of fine-tuning that regulators and institutions have to do in order to restore investor confidence in the markets.”
2015 Expert views

Re-inventing correspondent banking

“The correspondent banking industry can benefit from new technologies as long as it can be proved that we can provide a combination of technology and the normal business of banks, which is risk taking and liquidity provision.”
2015 Expert views

Utilities: a year on

“A utility approach will help to industrialise parts of the KYC compliance activity. This will result in many savings for banks, but only if we can work together.”
2015 Expert views

Digital identity and 3skey: a solution for multi-banked customers

“Our ambition has always been to promote modern and efficient products. 3SKey has proven to be right for us and our customers and therefore has replaced our bank-specific certificate SG Trust,” says Desserre. “We value SWIFT’s critical role in this journey and we continue to promote 3SKey as our preferred multi-banking identity technology.”
2015 Expert views

Cross border challenges of intermediated securities: legal transparency versus operational efficiency

“The regulatory environment when it comes to identification of shareholders has to be as clear as possible. Clarity will ensure that processes are as efficient as possible across borders.”
2015 Expert views

SWIFT Institute meets the Compliance Forum

“Banks need full confidence in their relationships with customers. KYC and due diligence form the basis of fighting financial crime. If it is not done well or policies and procedures are not reviewed regularly, a bank can face significant challenges in terms of AML and sanctions regulations.”
2015 Expert views

Big banks and small banks

“Large banks and small banks working together to increase controls and reduce risk is a key factor for each party when it comes to regulatory compliance. Regulators are increasingly expecting this from the industry. We must make sure we can benefit from each other’s expertise and ensure all parties benefit from working together.”