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Financial stability and bank runs

The ECB Podcast

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The Lessons Learned From Basel III Bank Runs

Is there anything in the turmoil that could be seen as a warning flag for us here in the euro area or even a lesson to learn? So the turmoil, I mean, it's really raised many issues across the effectiveness of market discipline, regulation, supervision, resolution frameworks. But on the positive side, and with all the shocks that banks have had to contend with since the outbreak of COVID-19 and since we've been doing these podcasts, followed by the Russian invasion of Ukraine. And now this, I think we have evidence that Basel III has genuinely helped in safeguarding financial stability.

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