🤔🧐
Isn’t it odd two banks have collapsed right before SWIFT
is going live with ISO20022?
(twitter.com)
🔍 Notable
Comments (13)
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Whats the second bank?
Btw, here is the Swift ISO sauce
Silvergate. Which has lost me over 2 grand in the past 2 weeks on options i held.
Ah, you are right. They actually announced they are voluntarily liquidating everything.
Nobody said anything about silver. The bank's name is silvergate. Uh, I mean was ...
Some crypto bank
I've read Credit Suisse maybe next.
If that's next big boom happen.
👉🏻 https://www.iso20022.org/
👉🏻 https://en.wikipedia.org/wiki/ISO_20022
https://www.ir.com/guides/what-is-iso-20022
I'm going to posit here that the relevance of anything SWIFT does or doesn't do is fading in impact with each passing month that financial heavyweights like russia, india and china are trading outside it with competing alternatives. For which there was no compelling case until ukraine and the hamfisted boycott, seizure and blockade attempts.
You never interrupt your enemies when they are busy sabotaging their own interests and weakening their position.
Exactly. How is a cross-border payment messaging system nefarious? It would only be relevant if globalization was still a thing... but all of that is getting dismantled.
The expanding BRIC+ punches a giant hole in all of this... so why should anyone care about a less and less relevant payment messaging system?
SauceFag Here.
Found this link that seems relevant while seeking CR 1265 regarding payment standards.
https://www.swift.com/standards/standards-releases