The international banking market is rallying to protect investments and transactions in the wake of the Credit Suisse collapse, with regulators still gauging how much damage has and will be done to Australia’s economy.

UNSW Business School associate professor Mark Humphery-Jenner told Gary Adshead on 6PR Mornings the recent spate of bank collapses has unveiled serous failures in regulation.

“You do wonder what exactly the regulators we’re doing here,” Dr Humphery-Jenner said.

Press PLAY to hear more about how the Credit Suisse crisis has affected other banks

Image: Getty Images/Arnd Wiegmann