SIA Submits Comments to the Society for Worldwide Interbank Financial Telecommunication on Proposed Changes to the Giovannini Report
Published on:
April 27, 2005
The Cross-Border Subcommittee of the Securities Industry Association (SIA)* provides comments to theSociety for Worldwide Interbank Financial Telecommunication (SWIFT) on the consultation paper, The Proposal for the Removal of Barrier 1 of The Giovannini Report. The comments address various issues including: 1)the scope of the solution; 2) the framing of the protocol, and 3) the need for market wide Data Standards compliance commitment.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.