Restoring Banking Confidence, No Easy Task
Thorsten Beck, Professor of Financial Stability, Florence School of Banking and Finance, European University Institute
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The speed in which SVB and two regional banks collapsed in US and the subsequent demise of CS took markets by surprise. We speak to Thorsten Beck, Professor of Financial Stability, Florence School of Banking and Finance at the European University Institute as to the reasons for this, will there be a contagion effect on the banking system and what can regulators do to restore confidence.
Image credit: Shutterstock
Produced by: Moh Heng Ying
Presented by: Wong Shou Ning
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Categories: markets, economy, Corporates, managing
Tags: svb bank contagion, credit suisse failure, us bank runs, financial regulation,