Indonesia will watch out for any spillover from Silicon Valley Bank collapse - minister

Kitco Media
By Reuters
Published:
Updated:
Reuters
JAKARTA, March 14 (Reuters) - Indonesia will watch out for any spillover from the collapse of U.S. lender Silicon Valley Bank, though there are no signs of a direct impact to local banks, finance minister Sri Mulyani Indrawati said on Tuesday. She told reporters that authorities would also check for any vulnerabilities in local lenders that have a similar business model to Silicon Valley Bank's. (Reporting by Gayatri Suroyo and Stefanno Sulaiman; Editing by Andrew Heavens)

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