After a Collapse: Asking the Right Questions
Playing Monday morning quarterback extended beyond the football field in the spring of 2023 as the financial industry watched the aftermath of the Silicon Valley Bank and Signature Bank closures. With the seizures of the banks came questions concerning the establishment of the bridge bank, the role of the FDIC, receivership certificates, pass through insurance and deposit insurance limits. But beyond those, industry insiders were asking about pending ACH and real- time files and transactions and pondering what this event might have looked like with the FedNow system in place. The speaker in this session explores these questions and considers if there were other, better questions to ask as the situation was unfolding.
Duncan Douglas, Partner, Alston & Bird
*This recording is not eligible for continuing education credits.
Tag(s): ALCS, ALCS2023, Risk, Regulatory, Compliance, Legal