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Banks in crisis

The panel

  • Andy Aziz, Chief strategy officer and head of product, SS&C Algorithmics
  • Paul Newson, Independent
  • Sebastian de Quant, Macroeconomist, Credit Suisse
  • Philipp Schnabl, Professor of finance, NYU Stern School of Business
  • Moderator: Duncan Wood, Global editorial director, Risk.net

The peak of the global financial crisis arrived in 2008 with the collapse of Bear Stearns and Lehman Brothers, and a raft of bailouts. However, it had already been rumbling on for a year at that point, blowing holes in bank funding models and capital bases. Are we now in the foothills of a fresh crisis?

Key topics discussed:

  • Rate hikes and flighty deposits: the source of the current stress
  • Concentration risk: interplay with liquidity risk and interest rate risk
  • How regulators have tried to restore confidence
  • What happens next?