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Abstract: 

This article explores some of the key legal and regulatory consequences of the regional bank failures that took place in the spring of 2023. During this time, three prominent banks suddenly collapsed, causing turmoil in the banking industry and anxiety among federal policymakers. In response, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the U.S. Department of Treasury took action, in some cases including the implementation of unprecedented solutions.

Keywords: Bank Term Funding Program; Exchange Stabilization Fund; Loan Obligations During an FDIC Receivership; FDIC Marketing Process for Failed Bank Assets; FDIC Contract Repudiation Rights

Affiliations:  1: Winston & Strawn LLP.