by winston » Tue Jul 26, 2022 8:07 am
Yam offers fearful reading on Swift threatby Himo Liu
The chance of the Society for Worldwide Interbank Financial Telecommunication system - used for transactions and payments between banks worldwide - being brought into a sanctioning play is slim for the time being.
"Economic activities in Hong Kong would come to a halt," he said, describing the system as being like a nuclear bomb, which could cause widespread damage.
Source: The Standard
https://www.thestandard.com.hk/section- ... ift-threat
It's all about "how much you made when you were right" & "how little you lost when you were wrong"