London, 28 November 2012 – In a new report, Aite Group analysts provide their perspectives on SWIFT’s annual Sibos conference, which took place in Japan this past October, and discuss key takeaways of the event.
Sibos 2012 was held in Osaka, Japan, and its dominant theme was providing an Asian lens on market developments across the globe. The conference showcased the particular opportunities and challenges faced by Asian financial institutions in the current economic climate and provided an opportunity for SWIFT to highlight its efforts surrounding growth in the Asian markets (a key tenet of the industry network provider’s 2015 strategy). The conference also included a progress update on ISO standards adoption in the region and discussed future evolution in areas such as corporate actions issuer communications.
“For the securities and investments industry, Sibos 2012 highlighted the headache caused by regulatory uncertainty and explored possible solutions,” says Virginie O’Shea, analyst with Aite Group and co-author of this report. “Data standards, collateral optimization, and trade reporting are of great concern, and automation and standardization are becoming increasingly important throughout the Asian capital markets.”
“Regulation is also a key concern on the wholesale banking front as regulatory regimes shape the business scenario in which banks will operate,” says Enrico Camerinelli, senior analyst with Aite Group and co-author of this report. “To avoid negative and unintended consequences, regulators and banks must collaborate with corporate representatives to balance rigorous rules with application flexibility.”
This 29-page Impact Report contains nine figures and one table. Clients of Aite Group’s Wholesale Banking or Institutional Securities & Investments services can download the report.