"There could be other vulnerabilities... if central banks are intent on continuing to raise interest rates," he told the BBC's Today program

"There could be other vulnerabilities... if central banks are intent on continuing to raise interest rates," he told the BBC's Today programme. แทงมวย

"Historically when that happens we do see fragility, we do see problems in the financial system. It wouldn't surprise me at all if other vulnerabilities do appear."

Before the turbulence in the banking sector erupted, both the US Federal Reserve and the Bank of England had been expected to raise interest rates further at meetings next week. However, due to recent events, some have speculated these rate rises might be scaled back or even scrapped.

On Thursday, the ECB announced a further increase to interest rates from 2.5% to 3%.

"For the ECB their core fight right now is against inflation," said GAM Investments' Ms Ramachandran.

"While they're monitoring wider financial market stability, I think their view was that the Credit Suisse issues are idiosyncratic and contained to that specific bank."