By A Mystery Man Writer
The runs on Silicon Valley Bank and Credit Suisse in March 2023 revived attention on banking regulation, resolution, and government intervention. This column analyses the details of the run on Credit Suisse and its eventual takeover by UBS. It highlights multiple discrepancies between official statements and implemented measures, both by Credit Suisse and Swiss authorities. Furthermore, it argues that the reforms adopted after the 2007-2009 crisis are still insufficient for resolving systemic institutions. Going forward, authorities must be able to act promptly and implement correction actions before risks of failure become too severe.
Investors Await the Fed's Next Move - The New York Times
Lessons from missing the signals of failing banks
Big Banks Are Supposed to Fail Without Causing Panics. Is That Even Possible? - WSJ
Jeff Brown: Grounded in Reality, Grateful, and Ready to Grind It Out. – Fident Capital
Global lessons from the demise of Credit Suisse
Watch Roubini Says Credit Suisse Might Be 'Too Big to Be Saved' - Bloomberg
How Much Debt Is Too Much in China?
Give recovery a chance: Containing runs on solvent banks
Too Big to Fail: Definition, History, and Reforms
Too big for Switzerland? Credit Suisse rescue creates bank twice the size of the economy
The Commission's Crisis Management and Deposit Insurance proposal
Karthik Balisagar on LinkedIn: After spending almost a decade to solve the problem of 'too big to fail'…
Credit Suisse: Too big to manage, too big to resolve, or simply
Richard Portes
Credit Suisse: US insists banking system 'sound' as Swiss lender's stock recovers – latest - Yahoo Sports