Cryptocurrency Q&A
Who owns the SWIFT banking system?
Who owns the SWIFT banking system?
MysticInfinity
Fri Oct 04 2024
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7 answers
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Could you clarify for me, who exactly holds ownership over the SWIFT banking system? Is it a single entity, a consortium of banks, or is there a more complex structure in place? Understanding the ownership structure is crucial in assessing the system's governance and decision-making processes, so any insights you could provide would be greatly appreciated.
7 answers
Leonardo
Sun Oct 06 2024
The shareholder base of SWIFT comprises approximately 3,500 member organizations from various financial sectors.
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Giulia
Sun Oct 06 2024
These member organizations collaborate to maintain and enhance the global financial messaging network.
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Tommaso
Sun Oct 06 2024
Despite its widespread use, SWIFT is not controlled by a single entity or government.
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GangnamGlamourQueen
Sun Oct 06 2024
SWIFT, the Society for Worldwide Interbank Financial Telecommunication, operates as a cooperative owned by its members.
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KatanaBladed
Sun Oct 06 2024
The cooperative nature of SWIFT fosters cooperation and trust among its diverse membership.
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