# Multimedia 

Multimedia 

---

- [Podcasts](/podcasts)
- [Cato Video](/multimedia/cato-video)
- [Video Series](/search/category/video-series)
- [Events](/multimedia/events)

Download:

[ 

Video 

](https://fastly-unsigned-us-east-1-prod.brightcovecdn.com/media/v1/pmp4/static/clear/6039378657001/344478e8-6e68-4731-b2e4-3b24bb3b1db2/a1791326-67d0-40ab-aff7-dac0cafbce42/main.mp4) 

Events • June 21, 2023 

# Financial Stability and Systemic Risk: What Recent Bank Failures Say about the U.S. Regulatory Framework 

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?

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

[![Jeb Hensarling](/sites/cato.org/files/styles/author_picture/public/2024-08/jeb-hensarling.jpg?itok=cDcUvjul)](/people/jeb-hensarling) 

##### [Jeb Hensarling](/people/jeb-hensarling)

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

![jelena-mcwilliams-cropped.jpg](/sites/cato.org/files/styles/author_picture/public/2023-05/jelena-mcwilliams-cropped.jpg?itok=tc6nM_en) 

##### 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

[![Norbert Michel Cropped](/sites/cato.org/files/styles/author_picture/public/2025-01/norbert-m-cropped.jpg?itok=8WIx97Dk)](/people/norbert-michel) 

##### [Norbert J. Michel](/people/norbert-michel)

Vice President and Director, Center for Monetary and Financial Alternatives, Cato Institute

[ 

](https://x.com/norbertjmichel)