Credit Suisse and Silicon Valley Bank may have collapsed but a financial crash today would be very different to the 2008 crisis.
Today banks are expected to have much more capital as a buffer, and a good metric for measuring the difference between today's financial situation and 2008 is bank leverage ratios, Bob Parker, senior advisor at International Capital Markets Association, told CNBC's "Squawk Box Europe" last week.
"The European banking sector is resilient, with robust levels of capital and liquidity," the statement said.Individual players can still run into difficulties however, no matter how resilient the sector is as a whole. Fraser made similar observations when comparing the current banking system with what happened in 2008.
Even as banks have enhanced their capital and liquidity positions, and improved regulation and supervision, "failures and lack of confidence" can still occur, José Manuel Campa, the chairperson of the European Banking Authority, said last week.
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