The 2022 disconnection of Russian banks shattered the illusion that SWIFT was a politically neutral financial rail. It exposed a critical flaw in global financial utilities: having a democratic board matters little if a centralized legal entity is forced to comply with local laws. The Geopolitical Fracture of Legacy Rails For decades, the global financial […]Albert Dadon Says SWIFT’s Russia Ban Exposed Why Neutral Financial Rails Can Fail
The 2022 disconnection of Russian banks shattered the illusion that SWIFT was a politically neutral financial rail. It exposed a critical flaw in global financial utilities: having a democratic board matters little if a centralized legal entity is forced to comply with local laws. The Geopolitical Fracture of Legacy Rails For decades, the global financial […]