The UK government provided an indemnity to protect the Bank of England from losses. 18. Hauser, A. (2023), “Looking through a glass onion: lessons from the 2022 LDI intervention”, speech at the Initiative on Global Markets’ Workshop on Market Dysfunction, the University of Chicago Booth School of Business, 3 March. 19. Federal Deposit Insurance Corporation (2023), “FDIC’s supervision of Signature Bank”, 28 April. 20.
Federal Reserve Board (2023), “Results from the review of the supervision and regulation of Silicon Valley Bank”, 28 April. 21. The advent of digital banking appears to have had a significant impact on the stickiness of bank deposits. See Koont, N., Santos, T. and Zingales, L. (2023), “Destabilizing Digital ‘Bank Walks‘,“ Working Paper No 328, Chicago Booth. 22.