Iran has begun reintegrating its economy with the international banking system by developing ties with smaller foreign banks that have little or no business with the United States and therefore minimal exposure to potential U.S. sanctions.  According to Iran's central bank, Iranian banks have recently initiated relationships with 200 small and medium-sized international banks.  These 200 banks include Europaeisch-Iranische Handelsbank AG--a German-based bank that is majority-owned by Iranian interests--and two Italian banks, Mediobanca and Banca Popolare di Sondrio.  Larger global banks are reportedly remaining on the sidelines due to perceived legal risks.