Good morning from the Financial Times. Today is Monday, March 8th. This is your F-T news briefing.

European regulators are looking into the fallout from the Green Sale Capital Fiasco,

and Joe Biden will meet with three key world leaders to figure out how to be back China's influence.

And we'll take a look at what young soldiers in Myanmar are posting on TikTok.

Plus commercial property lenders have been patient with owners who can't keep up with their loan payments.

Lenders immediately gave borrowers leniency as people were sort of scrambling to see how long this would last when business and the economy would resume.

But is there a property reckoning on the way? We'll take a look. I'm Mark Filipino. Here's the news you need to start your day.

Last week, we told you about how Green Sale Capital was pushed to the brink of insolvency.

Green Sale specialized in something called supply chain finance, and companies around the world relied on it to pay their invoices.

Now, the European Central Bank is trying to find out if the crisis is contained.

Europe's top banking regulator is asking lenders around Europe how much exposure they've had to Green Sale and its key client, GFG Alliance.

Green Sale went into crisis after Credit Suisse, its major bank partner, froze $10 billion worth of funds linked to Green Sale.

And Germany's banking watchdog Bofen filed a criminal complaint against Green Sale subsidiary bank alleging balance sheet manipulation.

A source told the FT that the move by European regulators was standard and didn't necessarily mean they're concerned.

The ECB Green Sale and GFG Alliance all declined to comment.

Joe Biden plans to meet with leaders from Japan, India, and Australia later this month to find ways to counter China's influence in the Indo-Pacific region.

This quadrilateral security dialogue was formed in 2007, but later became inactive because India and Australia were concerned about provoking China.

The quad, as it's called, was resurrected by former President Trump, and India has become more active in the quad after a deadly skirmish on the Himalayan border and rising tensions with China.

Biden wants to reinvigorate the quad as part of his China strategy. China, unsurprisingly, is not happy about this.

On Sunday, China's foreign minister accused the US of building small circles in the name of multilateralism.

And in Myanmar, demonstrators continue to protest the military coup, but it's almost impossible to communicate on Facebook or Twitter or Instagram.

That's because military officials have blocked the social media sites.

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