ISO 20022, the international standard for financial messaging, was first published by the International Organization for Standardization in 2004. However, the specific date for its widespread implementation or adoption by various financial institutions and markets can vary.
            
            
            
            
            
            
           
          
          
            7 answers
            
            
  
    
    Nicola
    Wed Dec 04 2024
   
  
    According to the notice, the Federal Reserve Banks will adopt a new message format.
  
  
 
            
            
  
    
    Valentina
    Wed Dec 04 2024
   
  
    The format in question is ISO 20021. 
  
  
 
            
            
  
    
    DigitalTreasureHunter
    Wed Dec 04 2024
   
  
    On June 27, 2022, a significant announcement was made by the Board of Governors of the Federal Reserve System.
  
  
 
            
            
  
    
    MountFujiMysticalView
    Wed Dec 04 2024
   
  
    The adoption will be part of the Fedwire Funds Service.
  
  
 
            
            
  
    
    Giuseppe
    Wed Dec 04 2024
   
  
    The implementation strategy is set to be executed in a single day.