The banking turmoil in March 2023 and the associated public interventions to prevent or reduce the risk of a systemic fallout underscore the fact that despite banking systems being in a much better shape in many countries relative to the position prior to the global financial crisis, some bank run risk remains. In fact, bank run risk may be increasing. As fintech and new technologies transform banking, uninsured deposits may become near-perfectly mobile, making bank runs all but inevitable if the governance of the financial system is not appropriately adapted. In this article we discuss how digitalization and new technologies can affect bank run risk and we look at approaches to adapting governance to containing related systemic vulnerabilities in the banking system. We also briefly consider how central bank digital currencies could fit into future frameworks. We conclude that there is no silver bullet, but that adjusting frameworks will become necessary if bank deposit mobility increases.

中文翻译：

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新技术与银行挤兑风险的未来治理

2023 年 3 月的银行业动荡以及为防止或降低系统性影响风险而采取的相关公共干预措施突显了这样一个事实：尽管许多国家的银行体系相对于全球金融危机之前的状况要好得多，但一些银行挤兑风险依然存在。事实上，银行挤兑风险可能正在增加。随着金融科技和新技术改变银行业，未保险存款可能变得近乎完美的流动性，如果金融体系的治理不适当调整，银行挤兑几乎不可避免。在本文中，我们讨论数字化和新技术如何影响银行挤兑风险，并研究调整治理以遏制银行体系中相关系统性漏洞的方法。我们还简要考虑了央行数字货币如何适应未来的框架。我们的结论是，没有灵丹妙药，但如果银行存款流动性增加，调整框架将变得必要。