The abrupt failures of Silicon Valley Bank and Signature Bank and subsequent concerns about the stability of other banks have reignited a fierce debate among lawmakers , the financial industry , the Biden administration and former government officials about an array of banking reforms and regulatory changes .
The ideas floated within a month of Silicon Valley Bank’s collapse on March 10, 2023, range from calls to tweak banking regulations to a major overhaul of the government’s oversight of the banking system.
I’m a finance professor who previously worked for two major banks and was an economist at the Federal Reserve. Based on what I’ve learned from the banking crises that have occurred in the past 40 years , I’d put all the banking reform proposals under consideration into five categories.