ISO 15022 Misperceptions

- John Parker
- 01 Jul 2003

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Many firms took the relatively easy point-to-point mapping approach for complying with the standards, but that method limits the new standard’s benefits.

By early 2003, 99 percent of securities traffic was transported using the new standard. Although last-minute compliance fixes were the order of the day (for smaller institutions in particular), the heavy lifting is over. The financial services industry can now sit back and enjoy a period of stability while benefiting from the enhanced

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