After The Bank Failures: Where Regulators Are Headed Next

By: Gordon M. Bava
– Law360

Manatt Corporate and Finance Partner Gordon Bava wrote an article in Law360 on what oversight agencies, such as the Federal Reserve Board, the Federal Deposit Insurance Corporation, the California Department of Financial Protection and Innovation and the New York State Department of Financial Services, have already identified as the biggest contributing factors in recent bank failures. Rather than focusing on factors within the banks, the article focuses on policy and management deficiencies the reports revealed. 

“Together, the reports reveal common organizational deficiencies within the agencies that allowed known vulnerabilities to fester and grow without requiring timely and effective remedial action,” Bava wrote. “The banking agencies are charged by law to ensure the safety and soundness of our banking system. It is important, therefore, that these organizational and policy deficiencies be corrected with the support and oversight of Congress and state legislatures.” 

Read the full Law360 article here.  



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