Following the initial analysis, Swift launched a large scale community consultation in April to seek feedback on all aspects of the ISO 20022 migration. Download the report to discover the outcomes of this consultation.

The emergence of central bank digital currencies (CBDCs) is gathering speed, with more than half of the world’s central banks actively considering their introduction. The reasons are varied: to compensate for the reduced use of physical notes; to improve payments in digital retail; to respond to private cryptocurrencies that could threaten the role of fiat money; and to improve resilience and reduce risk in wholesale markets – among many others

Global trade continues to recover following the dip caused by the financial crisis. Of course, trade volumes are currently threatened by a slowing global economy, trade tensions between the US and China, and the real possibility of a no-deal Brexit. But the long-term outlook remains positive. Supply chains are continuing to become more international, drawing on many parties from around the world.