Swift cooperation supervision mechanism
The Table of contents
斯威夫特的监督机制目标聚焦系统安全性,运营可靠,业务可持续,风险识别以及迅速基础设施的韧性。
An explicit goal of the central bank is to promote financial stability, promote the improvement of payment and settlement system.
Although Swift is not a payment system or is not a settlement system, from the central bank or the bank regulators, but as a key service provider will still receive the supervision of the central bank.There have been a lot of systemically important payment systems rely on the Swift, and this number continues to increase, Swift is therefore gaining global systemically important characteristics.
Therefore, g10 central bank agree that Swift should accept the cooperative supervision of central Banks.The current cooperative supervision pattern began in 1998.
2012年,G10央行对上述合作监督模式进行重审,当年迅速监督论坛成立,藉此,斯威夫特监督活动的信息共享扩大到了更多的中央银行。
Open constructive dialogue
迅速致力于与监督机构进行公开和建设性的对话。比利时国家银行(NBB)是斯威夫特的主要监督机构,其监督职能得到了十国集团中央银行的支持。上述监督主要为了确保迅速拥有有效的控制和流程,以避免对金融稳定和金融基础设施的健全性构成风险。
Because the Swift was founded and registered in Belgium NBB is the main watchdog.Given Swift role in the national system, and usually for the payment system of supervision, the supervision of other central Banks to Swift also have legitimate interests or responsibility, supervision and Swift is the main tool moral suasion.
监督机构非常重视在与迅速董事会和高级管理层在相互信任的基础上,开展建设性和公开对话。监督机构借此对话机制向迅速提出建议。
NBB and Swift agreement signed by the watchdog and the consensus of the Swift.The agreement covers supervision objectives and activities.This agreement is revised on a regular basis, to reflect the evolving supervision arrangements.
Goals, interests field and limitation
Supervision mechanism target focusing system security and reliable in operation, business sustainable infrastructure, risk identification and Swift toughness.
In their view, the supervisor need to Swift, ensure that the establishment of a reasonable governance arrangements, architecture, process, the risk management process and control system, to effectively manage its threat to financial stability and the potential risk of the financial infrastructure stable operation.Supervisors in 2007 formulated the applicable to specific supervision Swift expectations, namely "Swift, supervision and the high level of expectation" (HLE).It records the supervisors to Swift to the global financial infrastructure to provide services of 5 kinds of expectations.Five expectations related to the following content: risk identification and management, information security, reliability and resilience of infrastructure, technology planning and the communication with the user.
监督机构审查迅速对包括网络安全等运营风险的识别和缓解的能力,监督机构也会审查法律风险,相关安排的透明度及客户访问政策。监督机构还可以与迅速董事会及高级管理层讨论迅速的战略方向。
监督领域列表是指示性的,并非详尽无遗。监督机构将采取其认为合适的行为,以确保迅速对上述目标予以充分关注。尽管如此,迅速将对其系统,产品和服务的安全性和可靠性负责。对斯威夫特的监督不会授予迅速任何认证,批准或授权。
International collaboration to supervise
As the chief watchdog, NBB with g10 central bank supervision and Swift: the bank of Canada, the bundesbank, the European central bank, bank of bank of France, Italy, the bank of Japan, Sweden, the Netherlands bank, the Swiss national bank, the bank of England, and by the federal reserve bank of New York and the federal reserve board on behalf of the federal reserve system (USA).
In Swift supervision on the BBS, the central bank in other major economies to join the cooperation supervision mechanism, including: the reserve bank of Australia, the People's Bank of China, the Hong Kong monetary authority, the reserve bank of India, South Korea's central bank, Russia's central bank, Saudi Arabia, the monetary authority, the monetary authority of Singapore, the reserve bank of South Africa, and the central bank of the republic of Turkey.Swift, supervision and BBS for g10 central Banks with more central banking group to share information about Swift supervision activities provides an effective mechanism.
International collaboration supervision framework- - - - - -Supervision meeting
The operation of NBB continuous supervision and Swift.Daily, NBB, and through the analysis of the 6 of Swift provides report through the communication with Swift management to identify and Swift supervision related problem.NBB keep close relationship with Swift, also can maintain regular meetings, collaboration is the central Banks supervision and Swift contact point.Will tell from the function, NBB as high-level coordination supervision policy and technical group chairman, supervise the implementation of related decisions.
Access to information channels
For the realization of the goal, supervision agencies need to make sure that you can access at any time they think that all the information related.Such information is generally includes the board of directors of the Swift document, accident reports, safety audit report as well as the review report of the accident.Swift, staff and managers of display is also the important information source of supervising agencies need.
Finally, Swift help watchdog confirmed Swift internal report can help solve some specific problems in the file.NBB with Swift the agreement stipulated in the relevant confidentiality clause, the other in terms of the confidentiality NBB and other bilateral cooperation supervision have stipulated in the memorandum of understanding.NBB oversight role can be released on its official description of the financial market infrastructure and payment service report and official website:www.nbb.be查询。
