March 16, 2023
1:00 pm - 2:00 pm, Eastern Time
Understanding the Collapses of Silicon Valley Bank and Signature Bank
In the span of only three days, the United States experienced both the second and third largest bank failures in its history. The collapses of Silicon Valley Bank and Signature Bank were quickly followed by the appointment of the Federal Deposit Insurance Corporation (FDIC) as receiver and the U.S. Department of Treasury, Federal Reserve, and FDIC's joint announcement that actions would be taken to protect the depositors without burdening the taxpayer.
What caused the seemingly rapid failures of Silicon Valley Bank and Signature Bank? Do their collapses reflect a failure of law and policy, enforcement, or compliance? What reforms could prevent similar failures from occurring in the future and promote increased confidence in our banking system?
Elizabeth Binczik, Director of Policy and Program for Economic Justice, American Constitution Society (moderator)
Michael Ohlrogge, Associate Professor of Law, New York University School of Law
Saule T. Omarova, Beth and Marc Goldberg Professor of Law, Cornell Law School
Todd Phillips, Fellow, Roosevelt Institute
For CLE documentation, click here.
The American Constitution Society is a State Bar of California approved CLE provider. This event has been approved for 1 hour of California MCLE credit.