SINGAPORE: Workers’ Party Member of Parliament Jamus Lim wrote in a Facebook post on Mar 23 that in spite of the recent collapse of Silicon Valley Bank and Credit Suisse, he does not believe this is “symptomatic of the beginning of a more generalized banking crisis,” though he noted that this could be a case of “famous last words.”
Assoc Prof Lim added that should these weaknesses be triggered, this could give rise to a graver problem.Assoc Prof Lim was invited recently to deliver a guest lecture as part of the distinguished speaker series in Economics and Society at the College of Integrative Studies at the Singapore Management University.
Source: Financial Digest (financialdigest.net)
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