European Central Bank Urges Banks to Watch Social Media for Hints of Possible Runs, Say Sources

European Central Bank Urges Banks to Watch Social Media for Hints of Possible Runs, Say Sources

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The European Central Bank (ECB) has instructed some banks to monitor social media for signs that could lead to deposit runs, following the 2023 collapses of Silicon Valley Bank and Credit Suisse. This directive is part of an effort to bolster liquidity management in the banking sector.