Pierre-Oliviere Gourinchas on the health of the banking system (2023)

The good news is that the banking sector in particular is in much better overall health now than at the time, say, of the Global Financial Crisis.  There's a lot more capital, the banks are better regulated, there are all kinds of liquidity requirements, etc., especially for large banks.  And so overall the health of the banking sector is much stronger, but it doesn't mean that there couldn't be pockets of illiquidity, pockets of vulnerabilities and financial authorities need to be quite careful and monitor this because things could spread pretty quickly.

~ Pierre-Oliviere Gourinchas, International Monetary Fund chief economist, "IMF calls risks from bank crisis 'contained,' urges central banks focus on inflation," Yahoo Finance, 2:45 mark,