One year later: Lessons learned from the March 2023 bank failures

One year later: Lessons learned from the March 2023 bank failures

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One year later: Lessons learned from the March 2023 bank failures

On March 5, the Brookings Institution’s Hutchins Center on Fiscal & Monetary Policy and Center on Regulation and Markets (CRM) reflected on these questions, beginning with a panel on shortcomings of bank supervision, the lender of last resort function, and bank risk management practices that exacerbated the March 2023 crisis and how best to address them. A conversation followed with Rep.

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