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.
This event will be open to attend in person or to watch online. Viewers can submit questions in advance via e-mail to firstname.lastname@example.org.
Registration is required to attend an event in person and guests at Brookings are required to attest to their state of health before attending. Visitors may not enter the building if they are feeling ill for any reason, have any symptoms commonly associated with COVID-19, or have tested positive for COVID-19 at any time in the preceding 14 days.