European bank rescuer no longer hesitates in the face of a new crisis - Dominique Laboureix in Het Financieele Dagblad

In Short- European regulators must act more quickly during bank crises, says the Chair of the European Single Resolution Board (SRB). The regulator warns that a bank run can no longer always be predicted. According to the SRB, European banks are better prepared for a crisis than banks in the United States. Money in bank payment accounts is more volatile than regulators thought, as evidenced by the forced rescues of Credit Suisse and California's Silicon Valley Bank (SVB). Regulators therefore need to act more quickly when banks run into trouble, says Dominique Laboureix, Chair of the European Single Resolution Board (SRB). "There's no longer time to wait until the weekend for a rescue."