Should the ceiling on deposit insurance be lifted? A debate

You can read a summary of this debate here.

The U.S. insures bank deposits up to $250,000 per account. In March, invoking an emergency provision that’s known as the “systemic risk exemption,” the government extended the insurance to all deposits at the failed Silicon Valley Bank and Signature Bank, both of which have substantial sums in accounts over $250,000. That has prompted calls to lift the $250,000 ceiling for all banks, a change that would require Congressional approval.  

On April 5, Brookings’ Hutchins Center on Fiscal and Monetary Policy and the University of Pennsylvania’s Wharton Initiative on Financial Policy and Regulation hosted a debate on whether the cap should be lifted entirely (Prasad Krishnamurthy, Berkeley Law), lifted with restrictions (Peter Conti-Brown, Penn Wharton), or kept as is (Thomas Philippon, NYU Stern; Patricia McCoy, Boston College Law). Kelly Evans of CNBC moderated the debate.  

Viewers submitted questions by emailing [email protected], on Twitter using the hashtag #depositinsurance, or at sli.do using the code #depositinsurance.