"ECB Urges Banks to Monitor Social Media for Early Bank Run Warnings"

The European Central Bank has reportedly asked some banks to monitor social media for signs of worsening sentiment that could lead to a deposit run, following the collapse of Silicon Valley Bank and Credit Suisse in 2023. Regulators are also considering revising liquidity coverage ratio (LCR) assumptions and assessing the impact of social media on deposit dynamics. The move comes after a social media post led to a run on Credit Suisse, prompting a global debate on whether institutions can withstand sudden liquidity shocks and whether new rules might be needed.