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Confidence is the foundation upon which the banking system operates. Financial institutions perform their intermediation roles effectively only when depositors trust that their funds are safe.

— Taiwo Oyedele

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More quotes by Taiwo Oyedele

Public trust is fragile. In the digital age, rumours and misinformation can spread across social platforms in seconds, creating liquidity shocks even for solvent institutions. If a depositor does not know their funds are protected, they will act on fear.

A better-capitalised banking system is a more resilient one, better able to absorb shocks and sustain lending without recourse to the deposit insurance fund. Stronger bank balance sheets mean a stronger financial safety net

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Attribution

Quote text and notes from Wikiquote: Taiwo Oyedele (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.