Top Quotes from SWIFT Operations Forum Americas 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,