Is The Banking System Safer Than It Was in 2008?
Topics: Economics, U.S.
Public Release Date: April 06, 2023
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Silicon Valley Bank. Signature Bank. Credit Suisse. The global banking system may be facing its most significant crisis since 2008. Some say eroding regulations, sharp interest rate rises, and the uncertain crypto landscape ring serious alarm bells for markets. Others argue that regulatory reforms and liquidity requirements are doing their job, as the system effectively contained the contagion.
In that context, we debate the question: Is the Banking System Safer Than It Was in 2008?
ARGUING YES:
Jason Furman: Former Chairman, Council of Economic Advisers
ARGUING NO:
Gillian Tett: Editor-at-Large, Financial Times (U.S.)
MODERATOR-IN-CHIEF:
John Donvan: Emmy award-winning journalist