
Tort is technical and operational risk of insurers 287
causing depositors to withdraw their funds in large number at any time of the day,
thereby creating a tort with respect to the financial institution.
New technology and the rapid dissemination of information also tend to increase
deposit volatility as customers get into the habit of maintaining accounts on the
basis of interest rates and/or better contractual terms. Therefore, it is necessary to
exercise a more accurate monitoring of liquidity than in the past. Changes in the
composition of deposits and loans must now be managed dynamically, in real time.
This is doable, but few banks have the technology ...