Lessons on bank resolution, from Silicon Valley to Zurich

After the chaos of SVB and Credit Suisse, is First Republic a model for future bank rescues?

Credit: Risk.net montage

Global regulators spent more than a decade writing rules that would allow big banks to be wound down swiftly and safely. But there was little evidence of that work when four lenders failed in the space of six weeks in March and April.

The US Federal Deposit Insurance Corporation has drawn sharp criticism – including from former staffers – for its handling of the Silicon Valley Bank collapse on March 10.

Thomas Hoenig, former vice-chair of the FDIC, calls it a “chaotic resolution at best”, with

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here