3 ms·

#8 + #9 by assets are combined bigger than JP Morgan (which is #5 on the list) [https://en.wikipedia.org/wiki/List_of_largest_banks https://en.wikipedia.org/wik

by pintxo 8mo ago

#8 + #9 by assets are combined bigger than JP Morgan (which is #5 on the list) [https://en.wikipedia.org/wiki/List_of_largest_banks https://en.wikipedia.org/wiki/List_of_largest_banks] SWIFT sits in Belgium, why would anyone in Europe need to switch away from it? Is the US able to handle their (international) financial transactions without access to SWIFT? The financial market being significantly smaller, sure, but will it stay like that? Quickly summing up total spending of the European countries on this list, the Europeans seem to spend about half of what the US spends on the military, quite a lot more than I expected. [https://en.wikipedia.org/wiki/List_of_countries_with_highest_military_expenditures https://en.wikipedia.org/wiki/List_of_countries_with_highest...]

chewz 8mo ago
https://www.bloomberg.com/opinion/articles/2025-09-02/does-europe-even-know-what-competitiveness-means https://www.bloomberg.com/opinion/articles/2025-09-02/does-e... As for SWIFT it is US executive branch that decides who to take off the system
- pintxo 8mo ago
  But that's a political thing, not a technical. > SWIFT’s data centers, located in the United States, the Netherlands, and Switzerland, act as the network’s central hubs, processing and routing messages across the network. The centralization at these data centers is critical for swift (no pun intended) and secure data transmission. These data centers are designed with redundancy and failover capabilities, so if one center is disrupted, the others take over, ensuring no interruptions to the SWIFT service. [https://ahrvo.substack.com/p/how-does-swift-really-work https://ahrvo.substack.com/p/how-does-swift-really-work] To me, this sounds like SWIFT would posibly be split into 3-parts, without any redundancy. A US and a EU datacenter handling "local" business, with Switzerland possibly be able to interact with either?

by pintxo 8mo ago

chewz 8mo ago

https://www.bloomberg.com/opinion/articles/2025-09-02/does-europe-even-know-what-competitiveness-means https://www.bloomberg.com/opinion/articles/2025-09-02/does-e... As for SWIFT it is US executive branch that decides who to take off the system

pintxo 8mo ago
But that's a political thing, not a technical. > SWIFT’s data centers, located in the United States, the Netherlands, and Switzerland, act as the network’s central hubs, processing and routing messages across the network. The centralization at these data centers is critical for swift (no pun intended) and secure data transmission. These data centers are designed with redundancy and failover capabilities, so if one center is disrupted, the others take over, ensuring no interruptions to the SWIFT service. [https://ahrvo.substack.com/p/how-does-swift-really-work https://ahrvo.substack.com/p/how-does-swift-really-work] To me, this sounds like SWIFT would posibly be split into 3-parts, without any redundancy. A US and a EU datacenter handling "local" business, with Switzerland possibly be able to interact with either?