June 27, 2023

What to Do When the Bank Is Failing?


On June 27, 2023, bank regulatory partner Matthew Bisanz (Washington, DC) will speak on a Practising Law Institute program about the ongoing crisis in the banking system.

Recent months have borne witness to the rapid failure of several significant US banks. In some cases, these failures happened so quickly that regulators could not wait until the end of the week or end of the day to close the institution. These accelerated collapses have had two meaningful lessons that will be covered in at the PLI event. The first is what a bank’s board of directors should be doing as the bank is experiencing increased levels of stress, beginning to fail, and ultimately, failing. The second is what a bank’s customers and other counterparties should be considering to mitigate their risk exposure or respond to crisis at their bank. Key areas that Matt will cover include:

  • Managing the board response to a crisis
  • Governance when failure is a real possibility
  • Special committee formation and activities
  • Navigating dual-hatted directorships
  • Pre-crisis customer relationship management
  • Crisis response, or not overreacting
  • Post-failure claims resolution

For additional information on the presentation, please visit the event website.

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