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08 December 2023

SSM's Elderson: Powers, ability and willingness to act – the mainstay of effective banking supervision

The March 2023 turmoil sent shockwaves through the financial world. It brought back ominous memories of the fall of Northern Rock and Lehman Brothers, and the ensuing great financial crisis.

Start-ups and venture capitalists that deposited money at Silicon Valley Bank (SVB) were in a bind.

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