Markus Ferber
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Members of the European Union: Regulators should try to prevent the spread of panic after the collapse of banks in Silicon Valley
According to reports, Markus Ferber, an influential European Parliament member, said that regulators should try to prevent panic from spreading after the collapse of Silicon Valley Bank (SVB). He said that EU banking regulators should check whether European banks are vulnerable to interest rate shocks, just like the interest rate shocks that bankrupted the California bank last Friday. Interpretation of this information: Markus Ferber, a significant member of the European Parliament, has warned EU banking regulators to prepare for the fallout from the collapse of Silicon Valley Bank (SVB). Ferber…
