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Sunday, March 15, 2015

Russia will join the Board of Directors of SWIFT





 Russia will join the Board of Directors of SWIFT
Some Western powers, wanting to bring the incident with the Russian Federation to the extreme in his political purposes, has used the threat to disconnect the country from the SWIFT.

Practice, however, demonstrated that the international system is controlled not by the speculations of political figures, and these financial characteristics, and therefore Russia was able to nominate their own candidates to the Board of Directors.

Every 3 years the international payment system SWIFT redistributes shares from the participants, therefore, that they comply with these financial characteristics. This allows to form the Board of Directors due to the important financial characteristics that, in the end, should make the entire system more efficient and not losing connection with the present state of Affairs in the world.

"The results 2014 SWIFT growth of traffic in Russia has allowed us to reach the 13-th place in the world, because Russia has raised its share to a level that allows her to propose candidates to the Board of Directors" - quoted by RBC Executive head of the Association "Provision" Roman Chernov. Place for Russia but to cede Hong Kong. In addition, the Council of the chiefs lost to the Netherlands and Belgium have them now 2.

Candidate in the SWIFT Board of Directors from Russia must be an employee organization that is a shareholder of the financial system, or associated with such an organization. Organizations, shareholders are considered to be the most active users of SWIFT. In Russia it is 10 great on its own assets banks power. The candidate will be proposed at the business forum SWIFT on April 16, the extent of which will be a General meeting of ROSSWIFT". Next, the latest the Council will be confirmed at the shareholders ' meeting in early June 2015. Then the adept Russia will start performing their own duties for a period of 3 years.

"The threat of disconnection SWIFT does not decrease after the introduction in Council of chiefs domestic adept, because the decision to disconnect from SWIFT is not affected, but stay in the Council of the heads of our people means that we can influence take SWIFT decisions in terms of input of fresh stereotypes, improving service, tariff", - stated the Chairman of the Board of NP "State payments Council" Alma Abueva.

The chances that the economic system under pressure from politicians to take unfavorable decision remain very low, especially as the persistence of politicians over time weakens. And yet, the Central Bank has tested analogues SWIFT in Russia, but they only work well within the country. 

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At midday on Friday 5 February, 2016 Julian Assange, John Jones QC, Melinda Taylor, Jennifer Robinson and Baltasar Garzon will be speaking at a press conference at the Frontline Club on the decision made by the UN Working Group on Arbitrary Detention on the Assange case.

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