Swift resists ‘political pressure' to disconnect Russian and Israeli banks
Cooperative says calls for exclusion undermines ‘systemic global character' of its services
Swift, the financial messaging service, today announced it would spurn "political pressure" to disconnect member institutions in Russia and Israel, stressing it has no authority to impose unilateral sanctions.
The member-owned cooperative said it had received "calls to disconnect institutions and entire countries" from its network, describing the pressure and "surrounding media speculation" as threats to the "systemic global character" of its services.
"Swift will not respond to individual calls
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com