The Financial Stability Board (FSB), the global financial regulator, will present its findings from a “deep dive” on social media’s impact on bank runs and whether changes to liquidity rules are required to the G20 later this year.

Speaking to press on Monday laying out the FSB’s plans for 2024, secretary general John Schindler said that the watchdog is examining the changing nature of deposit dynamics along with the roles of social media and new technologies including smartphones.

He said: "We haven't yet set out policy options for any of this, but having said that, we are in favour of boosting the resilience of the financial system, and things like liquidity buffers are one of the options to boost that resilience."

Several high profile financial institutions have suffered major losses as a result of spiralling news on social media in recent years. The most notable example was Silicon Valley Bank, which in March of last year saw depositors pull $42 billion in 10 hours, leading to its eventual collapse.

Credit Suisse also collapsed last year, becoming the first globally systemic bank to do so since the 2007 financial crisis.

The Basel Committee of banking supervisors, an FSB member, will feed into the FSB report with its work looking into potential reform to its two core liquidity rules for banks.

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