SWIFT Institute alumnus Alistair Milne, Professor of Financial Economics at Loughborough University School of Business and Economics, recently co-authored two new papers on standards in global markets. Both papers are an output of a UK Government Office for Science sponsored project on standards and standardisation in global financial markets.
The first paper assesses the current state of standards in global financial markets, using information in the public domain (both academic and practitioner based) together with a small number of one to one interviews.
The second paper documents the outcome of an initial effort at investigating the range of views and extent of consensus amongst market professionals working with standards in global financial markets. The survey focuses on the business and economic benefits available from greater standardization in financial markets and the barriers that prevent these benefits being achieved.
Professor Milne received one of the first SWIFT Institute grant in 2012 for his research on The Prospects for Common Language in Wholesale Financial Services.