Regulators square up to digital bank runs
By Patrick MulhollandJune 19, 2023
Financial regulators in the US and Europe are reviewing their tools for dealing with bank runs after the rapid dissemination of information on social media contributed to high profile collapses at Silicon Valley Bank (SVB) and Signature Bank.
“The decision to approve systemic risk exceptions to protect the uninsured ...
Already a subscriber? Log In
Read Next:
Will turbo-charged AI fraud render traditional KYC practices obsolete?
Banks must integrate more diverse data points to combat AI-fuelled crime
Read more