How recent bank failures provide lessons for crisis management

Agustín Carstens, General Manager of the BIS, recently spoke at the high-level meeting on banking supervision for the Americas.

Recent bank failures in the United States and Switzerland have prompted a debate about the adequacy of the current prudential framework for preserving financial stability.

Following the 2008 financial crisis, authorities adopted several measures to make bank failure management frameworks less dependent on public support. The Financial Stability Board issued

The

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