...no one of these stories is a silver bullet, but they're all related and point in the same direction: China and Russia are preparing for the split with US-dominated financial architecture.
... let me tell you how delighted I am at your intimate knowledge of internal banking regulatory systems and the SWIFT protocol in general. And you're exactly right. This is where the story gets interesting.
A few years ago, even a few months ago, such a plan would have been unthinkable. Today, it is merely fanciful. And tomorrow . . . ?