Thomas Baxter wrote the article “Unintended Consequences?” on SWIFT’s Customer Security Program, published in Bank Policy Institute’s Banking Perspectives fourth quarter issue. The article discusses the Central Bank of Bangladesh and its impact on SWIFT, SWIFT’s recent Customer Security Program, implications of article 4A of the Uniform Commercial Code (UCC) and the potential new era or derisking. “There should be no doubt about the need to harden the security of systems that make global funds transfers,” Thomas said, discussing the possibility of SWIFT’s Customer Security Program leading to a new round of derisking.