Federalist Society Event: October 2nd: How Risky Are the Banks Now? What Regulatory Reforms Make Sense?
Hosted by the Federalist Society. RSVP to attend virtually.
October 2, 2023 at 1:00 PM ET
Six months ago, we experienced bank runs and three of the four largest bank failures in U.S. history. Regulators declared there was “systemic risk” and provided bailouts for large, uninsured depositors. What is the current situation? While things seem calmer now, what are the continuing risks in the banking sector? Banks face huge mark-to-market losses on their fixed-rate assets, and serious looming problems in commercial real estate. How might banks fare in an environment of higher interest rates over an extended period, or in a recession? Reform ideas include a 1,000-page “Basel Endgame” capital regulation proposal. Which reforms make the most sense and which proposals don’t? Our expert and deeply experienced panel will take up these questions and provide their own recommendations in their signature lively manner.
PANELISTS
William M. Isaac - Chairman, Secura/Isaac Group
Keith Noreika - Executive VP & Chairman, Banking Supervision & Regulation Group, Patomak Global Partners
Lawrence J. White - Robert Kavesh Professorship in Economics, Leonard N. Stern School of Business, New York University
MODERATOR
Alex J. Pollock - Senior Fellow, Mises Institute