EU says SWIFT decision on Iran banks regrettable

FILE PHOTO - A man using a mobile phone passes the logo of global secure financial messaging services cooperative SWIFT at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren - Copyright Chris Helgren(Reuters)

By Reuters

Published on 07/11/2018 - 12:34•Updated 25/04/2024 - 10:22

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BRUSSELS (Reuters) - The European Commission said on Wednesday it found regrettable the decision by the Belgium-based SWIFT financial messaging service to suspend some unspecified Iranian banks' access to it.

"We find this decision rather ... regrettable," Commission foreign affairs spokeswoman Maja Kocijancic told a briefing.

In a statement on Monday, SWIFT said that suspending the Iranian banks access to the messaging system was "taken in the interest of the stability and integrity of the wider global financial system."

(Reporting By Francesco Guarascio, writing by Jan Strupczewski)

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EU says SWIFT decision on Iran banks regrettable

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