Editing SWIFT (section)

==Ownership and governance==

SWIFT's shareholding structure is adjusted every three years in proportion to volumes of activity incurred by the members, ensuring that the most active members get the most voice irrespective of geography; additional rules are aimed at ensuring some geographical diversity within the board of directors. The 25 directors are elected by the shareholders, on three-year terms with the renewal of one-third of the board every year; all directors are member representatives.{{R|ScottZachariadis|p=30-31}}

As of May 2024, the members directly represented on the board of directors were [[JPMorgan Chase]] (chair), [[Lloyds Bank]] (deputy chair), [[Bank of China]], [[BNP Paribas]], [[Groupe BPCE|BPCE]], [[Citigroup|Citi]], [[Clearstream]], [[Commerzbank]], [[Commonwealth Bank of Australia]], [[Deutsche Bank]], [[Euroclear]], [[FirstRand]], [[HSBC]], [[ING Group|ING]], [[Intesa Sanpaolo]], [[KBC Group|KBC]], [[Mitsubishi UFJ Financial Group|MUFG]], [[NatWest]], [[Nordea]], [[Royal Bank of Canada]], [[Banco Santander|Santander]], [[SEB Group|SEB]], [[UBS]] (2 representatives following the acquisition of [[Credit Suisse]]), as well as the [[Association of Banks in Singapore]].<ref>{{cite web |website=SWIFT |url=https://www.swift.com/about-us/organisation-governance/swift-board-directors |title=The Swift Board of Directors}}</ref>