SWIFT Launches Institute to Finance Research

25 April 2012, Brussels

 

SWIFT has announced the launch of the SWIFT Institute, a new body will be dedicated to research and disseminating knowledge and information about the financial services an transaction banking business.

The research will cover various aspects including areas like:

• Payments
• Clearing / Settlement
• Cash Management
• Trade Finance
• Trust and Securities

Full details will be available soon on the SWIFT Institute’s web site.

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SWIFT Excludes the EU-sanctioned Iranian Banks

The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, cuts the EU-sanctioned Iranian banks out of the system following an EU Council decision. The measure will come into force at 1600 GMT on Saturday, March 17th.

 

Lázaro Campos, CEO of SWIFT: “Disconnecting banks is an extraordinary and unprecedented step for SWIFT. It is a direct result of international and multilateral action to intensify financial sanctions against Iran.”

 

SWIFT is a member-owned association that provides the communications platform, products and services to connect more than 10,000 financial institutions and corporations in 210 countries.

 

For more information, please refer to SWIFT and Council of the European Union.