FSB to examine social media role in bank runs
Isda AGM: upcoming report will trace flow of deposits out of failing banks; BoE warns of hidden leverage
The Financial Stability Board has begun to examine the role social media played in the bank runs that brought down Credit Suisse and a trio of US regional lenders since March.
Speaking at the International Swaps and Derivatives Association’s annual general meeting (AGM) in Chicago earlier today (May 10), Costas Stephanou, head of financial stability analysis at the FSB said the global regulatory body was preparing a report on the current banking crisis, to be released in the second half of 2022
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