swift welcome address - alain raes
TRANSCRIPT
1
Welcome Alain Raes
Chief Executive, Asia Pacific & EMEA
SWIFT
2
Welcome Alain Raes
Chief Executive, Asia Pacific & EMEA
SWIFT
3
The Era of Financial Inclusion and
Regional Integration
4
An environment going through
fast transformation
5
Inclusion &
Integration
6
US/ UK NMGs - Business Intelligence Insights 7
8
2020 Strategy - Grow the core, build the future 9
SWIFT 2020 – Strategic priorities
Messaging
Software
& Connectivity
Shared
Services
Many-to-Many Market
Infrastructures
CORE
COMPLIANCE
MIs
Roles and responsibilities
NMG security briefing - May 2016
10
Customer responsibilities
SWIFT
Mandated SWIFT
Network
11
SWIFT Security program : main areas of activity
Improve information sharing amongst community
Enhance SWIFT-related tools for customers
Enhance guidelines and provide audit frameworks
Support increased payment pattern controls
Enhance support by 3rd party providers to banks of SWIFT-
related products and services
STREAMS
1
2
3
4
5
2020 Strategy - Grow the core, build the future 12
SWIFT 2020 – Strategic priorities
Messaging
Software
& Connectivity
Shared
Services
Many-to-Many
Market
Infrastructures
Global & Key Clients
Small & Medium Banks
Investment Managers
Custodians & Investment Banks
Corporates
Funds ecosystem
RTGS and
Central Banks
Real-Time Payment
Systems
Central Securities
Depositories
Translating S2020 to SWIFT APAC Priorities
Trends
Renewal
• Fighting financial crime, monitoring & control, compliance
recommendations.
• FATF, Basel III, FATCA, FCPA, AML, Sanctions
• ASEAN Economic Community (AEC), CIPS, Pacific
payment system
• Increasing international connectivity of infrastructures
• ISO 20022 adoption
• Demand for safer and more reliable infrastructure
• Cyber threats increasing
• CPMI-IOSCO PFMI & Annex F for CSPs
• Real-time 24-7
• Convergence btw high & low value
Payments
• New systems: ISO 20022 messaging – rapidly growing
interest in XML messaging capabilities
• Multi-currency clearing, PvP
• Extended operating hours (e.g. HK RMB 20.5 hrs)
• CPMI-IOSCO Principles • Regulatory reporting • T+2
• ASEAN Economic Community (AEC) • Regional harmonization: ABMF, ASEAN Link, HK-CN,
TW-SG, CSIF cross-border DVP • ISO 20022 adoption
• CPMI-IOSCO & Annex F for CSPs
• Issuer to investor CA announcement
• Funds hub implementation
• Collateral management
• OTC clearing
Securities
• Aging technology
• New technology (distributed ledger)
• Regional ambition-collaboration
• ISO 20022
Regulation &
compliance
Regionalisation
Resiliency &
reliability
Real-time
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Reinventing
correspondent banking Making Real World Change
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Correspondent banking model is under pressure
Customers and
regulators push for
better payments service
Banks rationalize their
correspondent banking
networks
Digital innovators offer
new disruptive
solutions
End customers increasingly demanding
Domestic payments going real-time
Regulatory intensity and increasing costs
Network rationalization
Enhanced value proposition
Disintermediation
Global payments innovation initiative – January 2016
Global payments innovation
initiative (gpii)
Global reach
provided by banks connected
to domestic payments systems
SLA rulebook
with customer at centre
of value proposition
Smart collaboration
(e.g. enhanced compliance practices,
optimised intraday liquidity flows)
Embrace innovation
(e.g. peer-to-peer messaging,
real time settlement mechanism)
Global payments innovation initiative – January 2016 16
Global payments innovation initiative (gpii)
Bank access channels
Domestic payment systems
SWIFT
Bank access channels
Domestic payment systems
SWIFT
Existing SWIFT messaging
Bank access channels
SWIFT for corporates
Bank access channels
SWIFT for corporates
Accessible by
any bank
Differentiate vs
non-gpii banks
Still reach
non-gpii banks
Reach any bank
Operational quality Open model
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gpii Initiative banks
31. J.P. Morgan
32. Kasikornbank
33. KBC Bank
34. KEB Hana Bank
35. Lloyds Banking Group
36. Maybank
37. Mizuho Bank
38. National Australia Bank
39. Natixis
40. Nordea
41. Oversea-Chinese Banking Corporation
42. Raiffeisen Bank International
43. Royal Bank of Canada
44. Resona Bank
45. Royal Bank of Scotland
46. Sberbank
47. SEB
48. Société Générale
49. Standard Bank
50. Standard Chartered Bank
51. Sumitomo Mitsui Banking Corporation
52. Swedbank
53. Tadhamon International Islamic Bank
54. TD Bank
55. UBS
56. UniCredit
57. United Overseas Bank
58. Wells Fargo
1. ABN AMRO
2. Australia and New Zealand Banking Group
3. Banco Bilbao Vizcaya Argentaria
4. Bangkok Bank
5. Bank of America Merrill Lynch
6. Bank of China
7. Bank of New York Mellon
8. Bank of the Philippine Islands (BPI)
9. Bank of Tokyo-Mitsubishi UFJ
10. Banco Santander
11. Banco de Credito del Peru
12. Barclays
13. BNP Paribas
14. Caixa Bank
15. Citibank
16. Commerzbank
17. Credit Suisse
18. CTBC Bank
19. Danske Bank
20. DBS
21. Deutsche Bank
22. Ecobank
23. Fifth Third Bank
24. FirstRand Bank
25. HSBC
26. Industrial and Commercial Bank of China
27. ICICI Bank
28. ING
29. Intesa Sanpaolo
30. Investec
21 banks in Pilot
The global payments innovation initiative – May 2016
Key Highlights
32+ million FIN messages per year (2015)
138+ thousand FIN messages per day (Year to date April 2016)
+14.3% Increase in FIN traffic (Year to date April 2016)
18 India Traffic Insights - YTD April 2016
Trade
Treasury
Securities
Payments
Growth rates based on Year to date April 2016 vs 2015 Average Daily Messages
EMEA Americas Asia Pacific Total SWIFT INDIA India and the subcontinent
4.2% 4.7% 3.0% 4.1% 16.1% 17.9%
2.7% 7.8% 26.5% 6.3% 13.4% 12.3%
2.2% 11.1% 9.8% 5.1% 9.9% 11.7%
-4.4% -16.7% -5.8% -6.8% 0.7% 3.4%
3.3% 6.2% 12.5% 5.1% 14.3% 14.8%
Year to date 2016 FIN Traffic growth at a glance
<-10% -10% to 0% >0%
19 India Traffic Insights - YTD April 2016
Versions
Market Practice
Communication flows
Release cycles
SWIFT – your partner to overcome fragmentation challenges
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The Era of Financial Inclusion and
Regional Integration