Asian Spectator

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The collapse of major US banks leads to bills calling for more regulation

  • Written by V. Gerard (Jerry) Comizio, Professor of Law, American University
The collapse of major US banks leads to bills calling for more regulationOutside Signature Bank headquarters in New York City. Regulators closed the bank on March 12, 2023. Lokman Vural Elibol/Anadolu Agency via Getty Images

When Silicon Valley and Signature banks failed in early March 2023, government regulators rushed in to guarantee deposits and protect bank customers. Under current banking regulations, though, there...

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