Carstens: Regulatory performance during banking crises was ‘mixed’
BIS general manager emphasises role of supervision in preventing bank failure
The performance of bank resolution frameworks was “mixed” during this year’s banking failures, the Bank for International Settlements’ (BIS) general manager said on October 19.
Speaking at a conference in Panama, Agustín Carstens said while systemic stability was preserved, more public-sector support was needed than had been expected. Supervision is the more appropriate response than resolution, he added.
The US saw four bank collapses in the first half of 2023, the largest of which were
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