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EU pulls trigger on Russia Swift ban – but will it be effective?
The European Union has announced it will exclude seven Russian banks from the Swift messaging system but stopped short of including those handling energy payments. However, there are those questioning... read more
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Russian banks cut off from Swift and Central Bank from international reserves
For all of those of us, myself included, who thought that the sanctions laid out by ally governments around the world on Russia were not strong enough, I think we... read more
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Indecision in Europe as UK and US push for Russian ejection from Swift
A raft of economic sanctions have been heaped on Russian banks and oligarchs as the West promises to make Vladimir Putin pay dearly for invading Ukraine. But even with Russian... read more
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SWIFT and PBoC set up JV for internationalisation of digital yuan
SWIFT has set up a joint venture with the People’s Bank of China (PBoC), China’s central bank and its digital currency research institute and clearing centre, responsible for the digital... more
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SWIFT sets sights on new service for low value cross-border payments
SWIFT says it has a new service to help banks improve the experience for small and medium-sized enterprises (SMEs) and consumers who send low-value payments across borders. SWIFT is working... more
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