Unrelenting bank runs, the conundrum of central banking & South Africa’s place in the global order
By David Buckham with Robyn Wilkinson & Christiaan Straeuli
In a world where banks are perceived as unshakeable fortresses, there is a worrying truth that lies just beneath the surface: banks are far more fragile and fail more frequently than we choose to believe.
The collapse of banks
In the US alone, more than 560 banks have failed since the turn of the century. In South Africa, the collapse of Saambou in 2002 sparked the A2 Banking Crisis, which saw half the country’s banks deregistered in the aftermath.
In 2023, the high-profile failures of SVB, First Republic Bank, Signature Bank and Credit Suisse dominated global headlines and set off waves of panic across the international banking landscape.
The book addresses the following questions:
- Why do these large financial institutions with hundreds of billions on their books fail out of the blue?
- What role do central banks play in these dramatic failures?
- How can the global financial system be reformed to be more resilient, and what path should South Africa take?
About the authors
David Buckham is the founder and CEO of Monocle, a management consulting firm specialising in banking and insurance. He has diverse experience within the banking and financial markets space, having guided regulatory implementation in banks around the world for two decades. He worked in Iceland, Denmark, Luxembourg, Singapore, Hong Kong, Malaysia, South Africa and the UK leading up to and during the Global Financial Crisis.
Robyn Wilkinson is a professional writer, editor and analyst within the finance industry, with particular expertise in the areas of cryptocurrency, fintech and the history of the global financial system.
Christiaan Straeuli is a professional writer, researcher and editor. He specialises in financial and economic research, particularly in the areas of monetary economics, the continued presence of corporate malfeasance and the Chinese banking system. All three authors hold master’s degrees in English literature and are regular industry commentary writers.
- Publisher | Burnet Media |
- ISBN | 9781990956638 |
- Recommended Retail Price | R345.00 |
- CLASSIFICATION | International Current Affairs |
