2: S3 Ep2: BNC: What Makes a Bank Safe, the Federal Discount Window, and Innovation in Banking
With the benefit of some hindsight (finally), what are the big takeaways from SVB?
Kiah Haslett, managing editor of Bank Director, is in the studio to chat with Alex about why the SVB collapse is redefining how we think about “safe” banking.
They explain how a herd mentality and poor time management culminated in SVB’s failure and dissect why a safe bank could actually contain so much risk.
Plus, Kiah and Alex discuss why the stigma surrounding the Federal Reserve Window is so great and debate whether or not banks can be good at both innovation and risk management.
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0:00 Intro
6:29 SVB Failure
15:19 What Makes a Bank Safe?
19:36 Running Out of Time
24:12 Other Banks Facing Similar Issues to SVB
29:42 BaaS, Neobanks, and FinTech
34:50 Wait— what? (Federal Discount Window)
53:37 Choosing Between Innovation and Risk Management
