EU resolution authority to look at how to handle digital bank runs after US crisis

The EU’s resolution authority is investigating how to adjust to the pressure from digital bank runs, which accelerated the failures of U.S. lenders in March.

Dominique Laboureix, the chair of the Single Resolution Board (SRB), which works to prevent and manage bank failures, told journalists today that his authority is looking at adapting its framework for a bank run that “takes another format with this digitalization of the relationship between customers and banks.

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