In a recent blog post, Venable LLP's Max Bonici, Ellen Traupman Berge, and Andrew E. Bigart analyze how bank supervision and enforcement have changed following this year's banking turmoil.
In the aftermath of the 2023 bank failures, many have questioned whether federal regulators took sufficient preventative action. There is now an intense policy debate on precisely what regulators should do, or be empowered to do, going forward. "In the wake of the recent bank failures, not only must the regulators now take effective action, they must be seen to be doing so," the authors write. In this direction, regulators have proposed wide-ranging regulatory changes to capital and long-term debt requirements.
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