Euromoney Sibos Insider: Microsoft can move its cash from banks instantly if risks are high

In an exclusive interview with Euromoney Sibos Insider Colin Kerr, industry solution director for worldwide financial services at Microsoft, says that if data shows that risks were too high, it would be able to pull out its cash and place it into another bank almost instantly. “From an industry perspective, we are prepared to move all our cash if we need to, such as when we believe that there is too high a level of risk across regions or the banks,” says Kerr.