Top Quotes from SWIFT Operations Forum Americas 2013

Seven insights about regulatory compliance from the recent SWIFT Operations Forum Americas.
By Kathy Burger
March 08, 2013

4. Compliance Is Good Business

We shouldn’t be thinking about this as a regulatory burden, it’s just good business practices. The challenges are the diversity of regulation and regulators. A paradigm shift we need is to look for standards. We need to help drive standards [and] leverage SWIFT as a gateway to do that. We’ll spend millions a year as an industry to try to keep up with the regulatory agenda. What do regulators want and how do we give it to them in a more useful format?

--Lee Fulmer, Managing Director, CTO Cash Management,



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