ABSTRACT
As summarized by Chairman of the Board Yawar Shah, SWIFT comprises a “unique combination of secure fi nancial messaging platform, the ability to shape industry-wide fi nancial standardization and related market practices, and its worldwide community.” 1 In Chapter 2 , we highlighted how SWIFT’s commitment to secure and reliable messaging operations works alongside multiple channels of communication with its global practitioner constituency, including an annual conference called Sibos. In this chapter, we focus on the role of SWIFT as a standards-setting body and its mission to bring the fi nancial community together in order to achieve convergence to common standards and practices in the sector.
