Dubai, 16-19 September 2013

Sibos News

Swift sees expanding role as facilitator for industry collaboration

As delegates gather for the third Business Forum organised by Swift in London this week, issues on [...]

Tags; SWIFT, Features, SIBOS Daily News, Standards

Belgian banks complete migration to SEPA CSM

Belgian banks will be able to share costs with the French community

The Belgian automated interbank retail payment system has been completely migrated to a new Clearing and Settlement Mechanism developed and operated by French payment processing specialist STET

Tags; CSM, SEPA, STET, News, Payments, SIBOS Daily News

New Bank Payment Obligation standards launched by Swift

Swift and the Banking Commission of the International Chamber of Commerce have introduced new legal and technology [...]

Tags; BPO, ISO 20022, SWIFT, Commercial banking, News, Payments, SIBOS Daily News, Standards

Sentenial completes Benelux expansion with Netherlands office

SEPA solutions specialist Sentenial has completed its planned investment in the Benelux Region with the opening of a fully-supported operational office in Amsterdam and the relocation and expansion of its Brussels office.

Tags; Sentenial, European Union, News, Payments, SIBOS Daily News

Swift’s Innotribe Challenge 2013 opens for entries

Swift has opened its Innotribe Startup Challenge 2013 for entries. The year-round competition is intended to introduce financial industry decision makers and early-stage investors to the “innovations and emerging companies that are poised to transform the industry”.

Tags; Innotribe, SWIFT, News, SIBOS Daily News

Swift appoints Kennel to head market infrastructure efforts

Innotribe Startup Challenge winners announced

Huge growth will ride on inter-African trade boom

Announcements

BATS Chi-X Europe chooses new COO

BATS Chi-X Europe has appointed David Howson, formerly of Equiduct Systems, as its chief operating officer.

Tags; BATS, Equiduct, Announcements, Appointments

Venn Partners unveils structured products risk tool

Credit advisory and investment partnership Venn Partners has launched Venn Risk Analytics, a financial analysis platform that it says will provide an independent and transparent approach to the analysis and valuation of structure finance products.

Tags; Venn Partners, Announcements

Features

Into the great unknown

The absence of Chinese banks from this year’s Sibos is a real blow, particularly as the event is in their backyard. During the past few years the Chinese banks have expanded their presence at Sibos, reflecting the rising influence of China as its economy continues to thrive compared with Western economies.

Tags; Features, SIBOS

All along the watchtower

Managing operational risk is an unglamorous part of life at every major financial institution. Yet as a string of recent court cases, fines and regulatory actions testify, it is an area that is increasingly forcing its way into company boardrooms and commanding top-level attention.

Tags; Features, SIBOS

Rattling the chain

At last year’s Sibos, Swift and the Banking Commission of the International Chamber of Commerce (ICC) signed a cooperation agreement aimed at enabling industry-wide adoption of the Bank Payment Obligation (BPO). One year on and there are still questions surrounding the “electronic letter of credit” and how successful it will be.

Tags; Features, SIBOS

Corporate inaction

Global corporate actions are widely recognised as having some of the highest risks outside of the trading floor, says Rob Hardy, head of governance at JP Morgan asset management. “There are lots of pits and traps – out of all the back office functions it’s the one where you could lose the most money.”

Tags; Features, SIBOS

Right time, Right Place

A quarter of financial institutions are exiting some lines of business because of increased capital requirements, says a survey conducted by the Professional Risk Managers’ International Association (PRMIA), a non-profit professional association of 86,717 members in 210 countries. Survey respondents said they expected the introduction of central clearing to result in lower profit margins, increased collateral requirements and a general increase in the cost of doing business in areas such as OTC derivatives.

Tags; Features, SIBOS

Swift’s Indian take-aways

Tower of Babel

In with the old and the new