Lessons from the banking turmoil of 2023

Guardrails on capital, liquidity, deposit insurance, resolution, digitalisation and disintermediation need a rethink. By Gavin Bingham, Paul Fisher and Andrew Large

Beginning in March 2023, a series of significant bank failures occurred in the US (Silicon Valley Bank [SVB] and Signature Bank, followed by First Republic Bank in May) and in Switzerland (Credit Suisse). It was the first time that the crisis management and resolution framework put in place after the great financial crisis (GFC) of 2007–09 had been put through a serious test. These episodes have been the subject of much commentary and several official reports aimed at understanding the causes

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account