Masterclass Mini-Series Part 1: Bank Resolution: Recent Global Failures and Lessons Learned

Masterclass Mini-Series Part 1: Bank Resolution: Recent Global Failures and Lessons Learned

Wednesday 17th May at 5pm, online via Zoom

Every bank crisis is unique and 2023 is no exception.  Peter Freilinger will explore the three “types” of collapses seen so far – crypto, ALM and “final straw” which brought down Silvergate, SVB/Signature, and Credit Suisse respectively and explore what brought on their collapse, including the emerging common new concern – online transfer and its role in accelerating the pace of deposit outflows. Peter will also look at regulation, both whether normal course regulation was a significant contributor to the failure and how well the resolution regimes worked in creating an orderly (or disorderly) failure and how contagion containment efforts worked.

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.

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