If another bank fails, there are no guarantees the FDIC will take the extraordinary steps it did to protect Silicon Valley Bank’s depositors. Understanding where danger lurks in the system and best practices to navigate cash management and legal risks will be critical as uncertainty persists.
During this session, we will explore:
- Financial attributes leading to SVB’s failure (e.g., exposure to long-duration assets, fair value marks of assets and allowance for losses)
- Comparative review of these key attributes at other banks to identify sources and the amount of risk in the system
- Financial and legal risks if the federal government does not use the same extraordinary measures in the next failure as it did with SVB
- Best practices for treasury and cash management functions to navigate a banking crisis
- Potential claims and exposure arising from a banking crisis
Speakers
- Joseph Cioffi, Partner/Chair, Insolvency + Finance Practice Group, Davis+Gilbert
- Christie DeVito, Associate, Insolvency + Finance Practice Group, Davis+Gilbert
- Gunes Kulaligil, Managing Director/Co-Leader, Structured Finance Practice, Stout
- Manny Malbari, Managing Director/Co-Leader, Structured Finance Practice, Stout
Event Details
- Date: Wednesday, May 3, 2023
- Time: 5:30 – 7:00 pm (EDT)
- Location: Davis+Gilbert LLP, 1675 Broadway, New York, New York, 10019 (Corner of 52nd Street and Broadway)
Agenda
• 5:30 pm – Arrival and Registration
• 6:00 pm – Presentation and Discussion
• 7:00 pm – Networking and Wrap-up
Questions
Julianne Jones
Marketing Events Specialist
Davis+Gilbert LLP
212 237 1470
jjones@dglaw.com