The global financial crisis has triggered a re-examination of how financial safety nets function and of the relationships among supervisors, bank insolvency agencies and deposit  BIS central bankers’ speeches  1  insurers. The crisis made us realize that depositors are more risk-sensitive than we had thought.
More than ever before, we know that the threat of even small losses can lead to destabilizing runs. This reinforces the case for a truly integrated policy response to shocks, where agencies responsible for supervision, regulation, insolvency and deposit insurance act quickly and in a well-coordinated manner. 6.