Andrew Freris, CEO of Ecognosis Advisory tells James Ross that this is not a banking crisis as Credit Suisse, SVB and First Republic each had their own specific issues. Le Xia, Asia Chief Economist at BBVA Research agrees that this is not like the 2008 crisis, but the financial industry will now face a systemic challenge from policy makers.

Angel Chia, Chair of the Family Office Association of Hong Kong joins Carolyn Wright to discuss the city's role as a hub for family offices.

Abhijit Surya, Australia and New Zealand Economist at Capital Economics says indicators so far suggest there isn't a case for the RBA to keep rates on hold next month, but he will be keeping watch for next week's inflation and retail sales data.