Central Banking

EU Parliament wants information on SWIFT

The European Parliament adopted a resolution on Thursday 6 July asking EU governments, the Commission and the European Central Bank to explain what they know about the SWIFT agreement.

The European Parliament said it wanted them "to explain fully the extent to which they were aware of the secret agreement" between the Belgium-based SWIFT and the authorities of the United States.

According to reports, which have been at least partly confirmed by the US, the data concerning millions of daily

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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