How (in)effective is US banking supervision?

How should the performance of the Federal Reserve and other US banking supervisors be assessed in light of the financial sector turmoil in March and April 2023? How does recent supervision compare to past supervisory practice in the United States and elsewhere? And what do the answers to these questions mean for future banking sector policy choices? Nicolas Véron (Peterson Institute for International Economics) discusses with guests Peter Conti-Brown (The Wharton School) and Rosa María Lastra (Queen Mary University of London) in this episode of the PIIE event series Financial Statements on June 14, 2023.
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