OECD: no risk of systemic crisis from collapse of the Svb

(ANSA) - PARIS, MARCH 17 - The OECD rules out any risk of "systemic crisis" after the failure of the Silicon Valley Bank.

   "We are in a very different situation from 2008," said the chief economist, Alvaro Pereira.

"We have stronger regulation, central banks and regulators have learned from previous crises and most of the world's banks are well capitalised."

Even if "we may see episodes of turmoil, we do not consider" the bankruptcy of the US bank "as a systemic risk at the moment".

   As for Crédit Suisse, "the Swiss authorities reacted very quickly to limit the risk of contagion".

(HANDLE).