Swift is Preferred Utility for IBEI Set-Up, Finds Bankersalmanac.com Survey

LONDON - Market participants say Swift should control the set-up, distribution and management of International Business Entity Identifiers (IBEI), according to a global survey conducted by UK-based counterparty data and payments data vendor Bankersalmanac.com.

The survey shows that 27% of firms want Swift to become the registration authority for IBEI and an additional 27% voted for a consortium of banks and financial institutions to take on responsibility for the standard. Since Swift is owned b