Tag Archives: Notes

The Riksbank has published the second e-krona project report (website). In a special issue of the Riksbank’s Economic Review, several authors discuss related issues. I will participate in a Riksbank panel in early December to discuss CBDC and the e-krona project.

The Riksbank has published the second e-krona project report (website). In a special issue of the Riksbank’s Economic Review, several authors discuss related issues. I will participate in a Riksbank panel in early December to discuss CBDC and the e-krona project.

Laurent Ruessmann and Jochen Beck, FieldFisher, 17 July 2018, International firms caught between US Iran sanctions and EU blocking statute. Several authors, Gibson, Dunn & Crutcher LLP, 9 August 2018, The “New” Iran E.O. and the “New” EU Blocking Sanctions—Navigating the Divide for International Business. The “primary sanctions” that limit U.S. companies and persons from engaging with Iran have on the whole never been lifted. The principal sanctions relief provided by the United...

Laurent Ruessmann and Jochen Beck, FieldFisher, 17 July 2018, International firms caught between US Iran sanctions and EU blocking statute. Several authors, Gibson, Dunn & Crutcher LLP, 9 August 2018, The “New” Iran E.O. and the “New” EU Blocking Sanctions—Navigating the Divide for International Business. The “primary sanctions” that limit U.S. companies and persons from engaging with Iran have on the whole never been lifted. The principal sanctions relief provided by the United...

SWIFT, the international financial messaging system, has responded to the U.S. sanctions threat (see this post)—it has agreed to comply. Michael Peel reports in the FT, that SWIFT suspends certain Iranian banks’ access to its cross border-payment network. According to Peel, SWIFT explains the step as follows: “This step, while regrettable, has been taken in the interest of the stability and integrity of the wider global financial system.” This does not only expose SWIFT to punitive...

SWIFT, the international financial messaging system, has responded to the U.S. sanctions threat (see this post)—it has agreed to comply. Michael Peel reports in the FT, that SWIFT suspends certain Iranian banks’ access to its cross border-payment network. According to Peel, SWIFT explains the step as follows: “This step, while regrettable, has been taken in the interest of the stability and integrity of the wider global financial system.” This does not only expose SWIFT to punitive...

The Executive Order. And what it means, according to the Treasury Department’s FAQs page (my coloring): E.O. 13846 reimposes relevant blocking sanctions, correspondent and payable-through account sanctions, and menu-based sanctions previously provided for in E.O.s 13574, 13590, 13622, and 13645, which were revoked by E.O. 13716, and continues in effect sanctions authorities provided for in E.O.s 13628 and 13716. As incorporated into E.O. 13846, these measures include implementing...

The Executive Order. And what it means, according to the Treasury Department’s FAQs page (my coloring): E.O. 13846 reimposes relevant blocking sanctions, correspondent and payable-through account sanctions, and menu-based sanctions previously provided for in E.O.s 13574, 13590, 13622, and 13645, which were revoked by E.O. 13716, and continues in effect sanctions authorities provided for in E.O.s 13628 and 13716. As incorporated into E.O. 13846, these measures include implementing...

Nils Bohr chose Contraria Sunt Complementa as motto for his coat of arms. According to his son and others, Bohr distinguished between the logical properties of trivialities on the one hand and profound truths on the other: The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth. [Unsourced] There are two sorts of truth: Profound truths recognized by the fact that the opposite is also a profound truth, in contrast to...

Nils Bohr chose Contraria Sunt Complementa as motto for his coat of arms. According to his son and others, Bohr distinguished between the logical properties of trivialities on the one hand and profound truths on the other: The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth. [Unsourced] There are two sorts of truth: Profound truths recognized by the fact that the opposite is also a profound truth, in contrast to...