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Silicon Valley Bank’s implosion in March prompted the US to invoke emergency powers to guarantee immediate full repayment of all its depositors. Credit Suisse’s shotgun marriage to UBS a week later was eased by the Swiss National Bank’s offer of billions of euros in guaranteed funding to the merged entity.
On Thursday, the SNB called for a review of banking regulations as it warned that existing global rules on capital and liquidity were insufficient. The Bank of England is also reviewing its framework for resolving smaller banks and its deposit insurance scheme in the wake of the crisis.
Read the full version on Financial Times