So much has been said about the recent failures of 3 mid-size community banks in the U.S. and the acquisition of Credit Suisse by UBS. Some blame the banks’ failure to manage risk properly. Others say central banks’ aggressive interest rate hiking regimes was a main reason. While interest rates and risk management both played an important role, what triggered SVB and CS’s downfall was a classic bank run, a panic-induced rush among depositors to withdraw their money. Given the fast-moving developments in the aftermath of this latest banking crisis, what are the implications for financial policy? The financial climate is filled with uncertainties and the current situation is fluid. This session by the Institute of International Finance (IIF) will attempt to address the factors involved, the responses from policymakers and regulators, and some of the implications for the overall financial system and potentially the real economy.
Clay Lowery, EVP Research and Policy, and Andres Portilla, Managing Director Regulatory Affairs, will discuss in this interactive presentation the recent banks failures, the factors that led to their demise, the response from the regulatory authorities, and the impact that these events have had in other banking markets. The presentation will also analyze the implications for financial regulatory policy and likely additional responses from financial authorities.
This seminar will be Moderated by Mark McKenzie.
Clay Lowery, Executive Vice President, Research and Policy (click here for bio
Andres Portilla, Managing Director, Regulatory Affairs (click here for bio