Showing posts with label swift. Show all posts
Showing posts with label swift. Show all posts

05 October 2007

SWIFTly Out of the Frying Pan...

...it seems:

The supervisory board of SWIFT has approved the plans for the restructuring of the systems architecture of the financial messaging network the outlines of which had been known for some time. The core of the realignment is the creation of a global data processing center in Switzerland.

And into the fire:

To this will be added a command-and-control center in Hong Kong.

So now it will be the Chinese eavesdropping on our financial transactions, not the Americans. Oh well, at least it reflects the world's coming New Order....