Do the Rules Need to Change Again?

Is what we're seeing in banking a failure of regulation or a kind of success of lessons learned after 2008? Do the rules need to change again? Regardless of whether it's deserved or not, the record on this is pretty clear throughout history. I think for America of bailing out Silicon Valley Bank became not just a question about depositors. It became about the whole integrity of American tech,. The flagship industry of America and so on and so on. And I think you're going to see that Switzerland decided this was a strategic industry for Switzerland.