 "Banks, SVB")
Reverberations from the fall of Silicon Valley Bank are being felt around the world, but the immediate risk of a major financial crisis and broader bank contagion seems to have been contained following swift action by US market regulators. But the costs of this action must be analysed carefully, especially in terms of the moral hazard it imposes on errant bank managements, and more work will be needed by banking regulators, including in India, before the global financial system can be said to be insulated from the risks, the top edit argues. Read it here
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