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Financial Stability and Systemic Risk

What Recent Bank Failures Say about the U.S. Regulatory Framework

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Cato Institute, 1000 Massachusetts Ave, NW, Washington, DC
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Featuring
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Jeb Hensarling

Economics Fellow, Cato Institute; Former Chairman, House Financial Services Committee

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Jelena McWilliams

Managing Partner of the Washington, DC, office and Head of the Financial Institutions Group Practice, Cravath, Swaine & Moore LLP
Former Chairman, Federal Deposit Insurance Corporation

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Norbert Michel

Vice President and Director, Center for Monetary and Financial Alternatives

The failures of Silicon Valley Bank and Signature Bank have shed light on the need for a major overhaul of the United States’ banking laws. For a century, the government has increased federal backing, regulation, and micromanagement of the financial sector. The approach has repeatedly failed. Yet, after recent bank failures, Congress immediately began flirting with even more federal backing, regulation, and micromanagement. Is there any way out of this vicious cycle?

Join us for a conversation with Jeb Hensarling, former chairman of the House Financial Services Committee, and Jelena McWilliams, former chairman of the Federal Deposit Insurance Corporation, as they discuss the bank failures, the federal government’s response, and a path forward for banking regulation.

Luncheon to follow

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