Is private sector auditing of large financial institutions fit for purpose?
Articles on Signature Bank
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Confidence in banking is hard-earned and easily shocked. This makes individual banks and the banking sector susceptible to knock-on effects from other institutions.
Companies benefit from certain internal environmental and social checks and balances, particularly when it comes to preventing a tumble in their share price.
The recent collapse of three banks has lawmakers debating whether stricter regulations will prevent other banks from meeting the same fate.
The latest consumer prices report shows cost of living is still rising far above the Fed’s target. But don’t expect monetary policymakers to aggressively hike rates.
Lenders face a lot of risks, but two of them – interest rate and liquidity – were the main drivers of the sudden and rapid failure of Silicon Valley Bank and Signature Bank. That’s why more trouble may be ahead for the banking sector.
Top contributors
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Professor of Economics, University of Nebraska Omaha
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Visiting Professor at the Business School, University of the Witwatersrand
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Professor of Law, American University
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Senior Lecturer (Associate Professor) in Accounting, Newcastle University
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Associate Professor of Economics, Indiana University
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Professor, Accounting and Finance, City St George's, University of London