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Banking starts with banks: initial reflections on recent market stress episodes

· Pablo Hernández de Cos, Chair of the Basel Committee on Banking Supervision (International)

Summary written by Dark Majestic in its own words · topics: financial stability, banking regulation and supervision, climate, energy and nature, technology, ai and cyber risk

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· Pablo Hernández de Cos Wiki · Basel Committee on Banking Supervision WikiBanking starts with banks: initial reflections on recent market stress episodes

ContextKeynote in Washington in April 2023, weeks after the failures of Silicon Valley Bank and Credit Suisse, by the Chair of the Basel Committee on Banking Supervision.

Why it mattersThese are the first reflections of the global bank rule-maker after the March 2023 bank failures, the largest test of post-2008 rules.

Problems raised
  1. Recent bank failures revealed fragilities.
  2. Digitalisation changes banking.
  3. Climate risks are growing.
Solutions proposed
  1. Learn lessons from market stress.
  2. Pursue the Basel Committee work programme.
  3. Address structural trends in banking.
Read full speech on bis.org ↗

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