Confidence, as was once observed, is a preference. And confidence is central to the discussion emerging after the shocks to the global banking system we’ve seen in the first three months of 2023. The fallout has prompted something of an existential crisis for banks, and is fuelling debate among regulators
Regulators try to get to grips with ripple effect of SVB and Credit Suisse
The swift action taken to prevent bank runs raises deeper questions about the banking system itself.