TOKYO -- Japan's financial regulator plans to assess the ability of the country's banks to withstand a social-media-fueled run on deposits, which doomed U.S lender Silicon Valley Bank to collapse earlier this year, Nikkei has learned.
Financial watchdog to assess lenders' ability to handle surges in withdrawals
The March failure of Silicon Valley Bank showed how quickly withdrawals can surge to crisis levels. © Reuters
TOKYO -- Japan's financial regulator plans to assess the ability of the country's banks to withstand a social-media-fueled run on deposits, which doomed U.S lender Silicon Valley Bank to collapse earlier this year, Nikkei has learned.