Banco de España Blog

Using a simple format and plain language, the Banco de España Blog seeks to make our work more accessible to the general public. It allows us to share our analysis of economic and financial issues and the ins and outs of the Banco de España’s tasks and activities with all those keen to learn more.

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Lessons learned from the 2023 banking crises

13/03/2024 José Alonso , Rebeca Anguren , Mª Cruz Manzano and Joaquín Mochón

In 2023 three US banks and one Swiss bank failed, requiring the authorities to step in. The impact was limited, but the episode shows how deficient risk management and inadequate governance can result in liquidity problems that spread rapidly. We can learn lessons from these cases that help us mitigate risks in the future.

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