Masterclass Mini-Series Part 2: Bank Resolution: Implications of Recent Bank Collapses for UK Resolution Wednesday 24th May at 5pm online, via Zoom The UK banking market structure is unique, but there are
Masterclass Mini-Series Part 2: Bank Resolution: Implications of Recent Bank Collapses for UK Resolution
Wednesday 24th May at 5pm online, via Zoom
The UK banking market structure is unique, but there are certain features which could recreate some of the stresses seen in the 2023 collapses in other countries. For ringfenced banks and smaller banks not subject to ringfencing, Peter Freilinger will look at account mobility and relative customer balances, along with deposit pricing norms and ALM practices and compare them to the US experience to present his views on where potential cracks could exist in the FSCS and portability regimes. For the ‘megabanks’, meanwhile, who’s asset size and global complexity are similar to that seen in Switzerland’s handling of the CS meltdown, Peter will look to whether a potential “too big to regulate” risk is meaningful, and whether the reliance on the bail-inable liability stack is enough to enable a smooth transition from resolution to recovery – or whether the BoE would, like Swiss authorities, be forced to arrange an emergency reluctant merger.
Peter Freilinger is based in the US and has strong expertise in bank resolution and recovery on the ground. Peter was responsible for treasury funding and capital management at Washington Mutual Bank during its decline and ultimate resolution, working closely with US regulators to ensure that the largest US bank failure in history would have no systemic implications. After that, he worked at Barclays plc, overseeing its resolution and recovery plans and its structural reform programme in the wake of UK ringfencing and the adoption of Dodd-Frank resolution requirements for its US operations.
(Wednesday) 5:00 pm - 7:00 pm
Online via Zoom