Larry Summers says Silicon Valley Bank doesn't present systemic risk as long as it's handled reasonably

• Former Treasury Secretary Larry Summers said Silicon Valley Bank won't be a source of systemic risk.
• But he told Bloomberg TV that the crisis at the regional lender must be handled reasonably. 
• "What is absolutely imperative is that, however this gets resolved, depositors be paid back, and paid back in full."

Former Treasury Secretary Larry Summers said the crisis surrounding Silicon Valley Bank won't create a systemic risk to the broader financial system so long as customers don't take a haircut. 

"What is absolutely imperative is that, however this gets resolved, depositors be paid back, and paid back in full," he told Bloomberg TV in an interview. 

Summers added there could be some risk to banks' asset values, but any wider repercussions would be muted.