The resolution of large regional banks and lessons learned with Martin Gruenberg

Monday, August 14, 2023, 2:00 – 3:00 p.m. EDT
Online: https://www.brookings.edu/events/the-resolution-of-large-regional-banks-and-lessons-learned-with-martin-gruenberg/ 

In 2019, then-Federal Deposit Insurance Corp Board Member Martin Gruenberg gave a speech at Brookings warning about the underappreciated resolution challenges and financial stability risks that would emerge upon the failure of a large regional bank. At the time he called for new rulemaking to require loss absorbing debt at these types of banks and urged stronger resolution planning requirements. His words proved prophetic this March when Silicon Valley Bank and Signature Bank failed, resulting in regulators exercising systemic risk authority to protect uninsured deposits.

Now, FDIC Chairman Gruenberg will return to Brookings to discuss how to improve resolution for large, but not globally significant, banks. His speech will take place from Monday, August 14, followed by a discussion with Brookings Senior Fellow Aaron Klein. This event is a part of the Center on Regulation and Markets Series on Financial Markets and Regulation.

Online viewers can submit questions via email to events@brookings.edu or on Twitter @BrookingsEcon using #MartinGruenberg.