F Y Isaac Profile picture
@ContraryCapital #RWRI @USC @recurrency
Aug 21, 2020 21 tweets 4 min read
Fraud topology and parting #RWRI stuff.

2008: We consolidated banks instead of breaking up banks.

Coordinated attacks on a small number of hubs can take out the entire network. Biggest threats according to FSARC: maliciously executed trades, multi-day of a bank's wholesale payment system, multi-day SWIFT outage. Mostly talk unfortunately.