SWIFT

The global network of payment flows

This paper considers a network of cross-border SWIFT message flows where nodes are the countries in which the sending and receiving banks are domiciled. The authors analyze how the payment flows reflect or predict various aspects of the real economies.

Positioning repositories

Regulators on both sides of the Atlantic agree on the need for trade repositories to aid the monitoring of systemic risk. But there is a difference of opinion on where these repositories should be based, leading to the possibility that multiple trade…

Banks Tackle Op Risk

Banks misplacing millions of pounds and dollars may sound absurd, but operational risk makes it more commonplace than you might think.