regulation


Silicon Valley Bank: a modern-day crisis

Several months have now passed since the run on Silicon Valley Bank in March 2023. This column argues that now is a good point to reflect on the bank’s failure and the ensuing policy responses. Though this was a US banking experience, the lessons from the crash extend across borders, including Italy. In fact, some of the concerns over governments’ commitment to deposit insurance are perhaps even more of a concern for policy-makers in Europe.