By Chris Dorrell Financial regulators were kept on their toes in 2023 as the financial system weathered the worst banking crisis since 2008. The collapse of Silicon Valley Bank (SVB) in March sent shock waves through the banking sector and hammered home the risks of a sudden shift in monetary policy and financial conditions. Although there have been no further major blowups, it can take a while for the impact of higher rates to filter through to the economy. Harvey Knight, partner and UK head of the Financial Services Regulatory Group at Withers warned that the financial system would face “ong…