John F. Bovenzi: Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles
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Since the 2008 financial crisis, bank regulation and supervision has become an intensively debated topic. Bank supervisors, who implement the regulatory policies, are rarely heard in the debate. This book fills this gap and takes the reader into bank branches and conference halls. It describes how bank regulation is carried out in practice. It adds a personal and practical view to a discussion usually based on abstract and theoretical arguments. Further, it provides an often hidden but important perspective on the topic of bank regulation and supervision that deserves attention.
John F. Bovenzi served for 28 years in several positions at the Federal Deposit Insurance Corporation (FDIC). He was the highest-level FDIC career executive during the two largest financial crises in the USA since the Great Depression. In this book, he shares his insider view of developments in the field of bank regulation, supervision, and resolution over the last 30 years. The book sheds light on FDIC actions...