Throughout the week, many of the delegates to the Sibos conference have called on the industry as well as SWIFT itself to undertake far reaching reforms, if the renewed push for growth is going to be achieved. At the plenary session held yesterday, SWIFT's CEO, Leonard Schrank, said that the migration to SWIFTNet would address many of the concerns.
Tremendous challenges have been issued here at Sibos, in both the banking and securities sides of the business, he said. The platform for solving these problems is SWIFT and SWIFTNet. What other global market utility exists to solve them
He added SWIFT has...
