Recession preparation: What happens when a big domestic bank fails? Part 1

On Wednesday, October 16, the Center on Regulation and Markets at Brookings explored how we handle the failure of large, complex financial institutions since the Great Recession. New systems and safeguards aim to protect, but what happens when they’re put to the test? Shifting the focus away from a small number of global and systemic financial institutions, are the comparatively smaller, yet still quite large, national and regional financial institutions ready for what comes next? Are financial regulators prepared or have they forgotten the lessons learned already? These questions and more were addressed as we heard from FDIC Board Member and former Chairman Martin J. Gruenberg.

https://www.brookings.edu/events/recession-preparation-what-happens-when-a-big-domestic-bank-fails/ (transcript available)

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