Formulating a standardised approach
To set out the foundations for the rollout and implementation of ISO 20022, we are leading a community-wide collaboration with the Cross-Border Payments and Reporting Plus (CBPR+) group.
The working group, formed of international payments experts*, will formulate global market practice and implementation guidelines for the migration to ISO 20022.
The development of a standardised global approach will also help lower the implementation cost for the industry as a whole.
*The participants are senior payments and securities experts representing Australia, Austria, Canada, China, France, Germany, Hong Kong, Italy, Japan, Luxembourg, Netherlands, Russia, South Africa, Spain, Switzerland, the Nordics, the United Kingdom and the United States.