Our perception of money is changing rapidly, and banks are at the center of all of it. From how we access it to how we buy to how we trust that our money will be there when we need it.
Here on Bank Nerd Corner, Kiah Haslett brings on a rotating cast of expert bankers, economists, academics and more to sit down and talk about the complex dynamics shaping financial services today.
Banks exist at the crossroads between risk and safety, private business and public policy and new technology and some of the oldest laws we have.
If we can understand what is changing and what probably won’t, we’ll be in a better position to respond strategically. And, hopefully, we’ll understand the strange creature that is financial services a little bit better.
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Our perception of money is changing rapidly, and banks are at the center of all of it. From how we access it to how we buy to how we trust that our money will be there when we need it.
Here on Bank Nerd Corner, Kiah Haslett brings on a rotating cast of expert bankers, economists, academics and more to sit down and talk about the complex dynamics shaping financial services today.
Banks exist at the crossroads between risk and safety, private business and public policy and new technology and some of the oldest laws we have.
If we can understand what is changing and what probably won’t, we’ll be in a better position to respond strategically. And, hopefully, we’ll understand the strange creature that is financial services a little bit better.
Subscribe to Bank Nerd Corner to get the latest episode every Thursday!
Bank Nerd Corner welcomes Michael Ohlrogge, a professor of Law at New York University’s School of Law, to talk about the realities of uninsured deposits, deposit insurance and bank failures.
Professor Ohlrogge’s paper, “Why Have Uninsured Depositors Become De Facto Insured?,” explores how usual, or unusual, it is for uninsured depositors to take losses when a bank fails.
Ohlrogge’s research found that prior to 2008, it was common for uninsured depositors to take a haircut on their uninsured funds when their institution failed. Today, when a bank fails, it’s very normal for most, if not all, of the uninsured deposits to be assumed by the acquirer.
The shift to de facto insurance coverage for all deposits coincides with a dramatic increase in the Federal Deposit Insurance Corp.’s costs to resolve failed banks. Professor Ohlrogge and Kiah also discuss the potential implications of his paper in light of Congress considering raising the deposit insurance coverage limit.
Read “Why Have Uninsured Depositors Become De Facto Insured?” here: https://nyulawreview.org/issues/volume-100-number-2/why-have-uninsured-depositors-become-de-facto-insured/
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Follow Kiah:
LinkedIn: https://www.linkedin.com/in/khaslett/
Twitter: https://twitter.com/khaslett
Follow Professor Ohlrogge:
Linkedin: https://www.linkedin.com/in/michael-ohlrogge-70a6a76/
Twitter: https://x.com/M_Ohlrogge
Bank Nerd Corner
Our perception of money is changing rapidly, and banks are at the center of all of it. From how we access it to how we buy to how we trust that our money will be there when we need it.
Here on Bank Nerd Corner, Kiah Haslett brings on a rotating cast of expert bankers, economists, academics and more to sit down and talk about the complex dynamics shaping financial services today.
Banks exist at the crossroads between risk and safety, private business and public policy and new technology and some of the oldest laws we have.
If we can understand what is changing and what probably won’t, we’ll be in a better position to respond strategically. And, hopefully, we’ll understand the strange creature that is financial services a little bit better.
Subscribe to Bank Nerd Corner to get the latest episode every Thursday!
