The migration from ISO 7775 to ISO 15022 (SWIFT’s new messaging standard) was successfully completed on 31 May 2003, with 100 per cent of SWIFT securities message traffic compliant with the ISO 15022 standard. SWIFT is confident that ISO 15022 will provide long term value to its users, enabling them to benefit from richer business standards and increased functionality. Additionally, ISO 15022 generates an immediate cost saving for SWIFT securities users. Given the structure of ISO 15022 messages, it is anticipated that in 2003 average message prices will be 10 to 15 per cent less than in 2002.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.