The Financial Post reports in its Tuesday, Nov. 19, edition that bank managers and financial authorities must enhance their responses to bank runs, as highlighted by the recent collapse of Silicon Valley Bank, G20 leaders were warned. The Post's Barbara Shecter writes that Financial Stability Board chairman Klaas Knot emphasized that the March, 2023, banking turmoil exposed ongoing vulnerabilities in the financial system. Silicon Valley Bank faced a rush of deposit withdrawals due to rising interest rates, leading to its collapse, which was soon followed by other bank failures and the forced sale of Credit Suisse to UBS. Mr. Knot is calling on G20 leaders to implement a global set of banking rules that have been unevenly adopted across North America and Europe. He said, "It is critical for jurisdictions to finalize and implement the agreed reforms so that the financial system can absorb rather than amplify stress." He says new threats to stability continue to emerge. "One notable example where further progress is needed is in implementing the finalized Basel III reforms in full, consistently and as soon as possible, particularly in those jurisdictions where implementation remains uncertain in timing and substance."