Addressing "Too big to fail": FDIC update on orderly resolution of global systemically important banks

Date

April 10, 2024, 10:00 AM to 11:45 AM EDT
PIIE Webcast, Washington, DC
Martin J. Gruenberg (Federal Deposit Insurance Corporation), Adam S. Posen (PIIE), Tobias Adrian (International Monetary Fund), Art Murton (FDIC), Ryan Tetrick (FDIC), Susan Baker (FDIC), Nicolas Véron (PIIE) and Anna Gelpern (PIIE)

Event Summary

The Federal Deposit Insurance Corporation (FDIC) chairman Martin J. Gruenberg returns to the Peterson Institute for International Economics (PIIE) to present a comprehensive update of how the FDIC has prepared for the orderly resolution of a global systemically important banking organization (GSIB) under Title II of the Dodd-Frank Act.  His presentation accompanies the FDIC's release of a paper entitled "Overview of Resolution Under Title II of the Dodd-Frank Act" that provides new detail and clarity on the FDIC's approach to GSIB resolution.

Gruenberg gives a presentation followed by a fireside chat and moderated Q&A with Adam S. Posen, PIIE president, and Tobias Adrian, financial counsellor and director of the Monetary and Capital Markets Department of the International Monetary Fund (IMF).

The event also features a panel discussion with Art Murton (FDIC), Ryan Tetrick (FDIC), Susan Baker (FDIC), and Nicolas Véron (PIIE) about the upcoming FDIC paper. PIIE nonresident senior fellow Anna Gelpern moderates the panel.

Video