|
By François MASQUELIER, CEO of Simply Treasury
The recent bank crisis was an incredible wake-up to the danger of digital bank runs for many corporates. The cycle of rumor and panic that destroyed the Silicon Valley Bank (SVB) struck as violently as a tornado. It was fast, sudden and powerful. We now know that the speed of the world has changed and that it also impacts banking sector. It was maybe the biggest but also fastest bank run of the modern economic history. From physical, the bank runs could now be digital, and the social networks contributed to the high speed of the destruction process. It is therefore essential to keep in mind that time to react in such (new) circumstances is extremely limited. Better to be prepared ahead of dangers!
...
|