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Corporate Governance, Board Oversight & the 2023 Banking Crisis

Harvard Corporate Governance

In the spring of 2023, the United States witnessed the country’s three largest bank failures since the 2008 financial crisis. However, the banks’ inability to appropriately align strategy with the macro environment indicates that insufficient risk oversight was also a significant factor.

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Banking and Antitrust

Harvard Corporate Governance

bank regulation, as currently practiced. While banks are not technically exempt from antitrust enforcement, they are generally seen as inhabiting an alternative regulatory universe that is governed by principles and prioritizes substantive goals different from antitrust’s traditional competition-related concerns. banking sector.

Banking 126
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Accounting for Bank Failure

Harvard Corporate Governance

Could better accounting rules have saved Silicon Valley Bank (SVB)? On the other hand, greater accounting transparency can unnecessarily cause bank depositors to panic at the first sign of trouble, threatening the stability of the banking system. The answer is a resounding maybe.

Banking 244
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Banking Crises in Historical Perspective

Harvard Corporate Governance

The survey paper is organized around three main lessons learned about banking crises: the importance of leverage as a precursor to crises, the large and negative real impact of crises on various sectors of the economy, and that government and central bank intervention has historically ameliorated these effects. more…)

Banking 242
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The Credit Suisse Collapse and the Regulation of Banking

Harvard Corporate Governance

Credit Suisse, one of the world’s largest 30 banks with assets exceeding $500 billion, melted down earlier this month. How this collapse quickly unfolded raises serious questions about the regulatory actions preceding it and the future of banking regulation. ” SNB also pledged to provide CS with liquidity if necessary.

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The March 2023 Bank Interventions in Long-Run Context – Silicon Valley Bank and Beyond

Harvard Corporate Governance

In March 2023, the failure of Silicon Valley Bank (SVB) shocked global financial markets. In many ways, the SVB failure was a classic bank run, with details that appear drawn from the 19 th century rather than the 21 st. This post is based on their recent paper.

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Silicon Valley Bank Demise: Causes and the Path Forward

Harvard Corporate Governance

The recent demise of Silicon Valley Bank, First Republic Bank, and Signature Bank are three of the four largest bank failures in U.S. The media and researchers have focused on the role of duration mismatch between the assets and liabilities of these banks. more…)

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