We start today's double podcast providing a very brief introduction and then developments with respect to Credit Suisse. We then move onto developments associated with the Fed and the EU with respect to SVB. We then discuss the broader issue of counterparty risk and OCC data associated with Interest rate derivatives and why this poses a potential significant systemic risk in the climate of rising interest rates. We continue our assessment of contagion risks associated with developments at SVB and conclude discussing how the UK subsidiary of SVB was treated by the UK authorities.
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