About the collapse of silicon bank west church of the largest Bank Failures in u. S. History. Congressman mchenry discussed the role the Federal Reserve and the Deposit Insurance Corporation Bank Regulation of Risk Management. This event as hope and by the brookings institution. Kground noises] [background noises] good morning everybody. Im director on fiscal and Monetary Policy and be half the hutch and Center Center on me you to this event both the people in the room and the people watching remotely. Our subject today is what lessons we have learned from the really interesting efforts of march 2023. A year ago the glol Financial System suffered the most significant banking stress since the Global Financial crisis of 2007 and eight. As you all probably know if event Silicon Valley bank failed prompt and the fdic to take it over the middle of the dayay could not even make d it to the weekend which is as a one off event. Silicon valley was certainly for lack of a better term unusual. Th
U. S. Debt limit, tax reform, and liquidity requirements for Community Banks. He also discusses possible provisions to deter currency manipulation and future u. S. Trade deals. Held by the House Financial Services committee, this is three hours. The committee will come to the committee will come to order. The chairs authorized to declare recess of the committee at any time. Members will have five legislative days in which to submit extraneous materials to the chair for inclusion the record. The hearings for the purpose of receiving the secretary of treasurys annual report on the state of the International Finance system. But before proceeding to that report, i will give you a report on the hollingsworth family of indiana. Would like to share with you some bury good news. Hollingsworthbert the fourth arrived this morning at 1 38 a. M. , weighing in at seven pounds, 15 ounces, mother and baby are doing well. Husband and father is a total wreck, but congratulations to our colleague, ray c
Theyre on course to take the largest proportion of seats with 123. The opposition splinter party, the peoples party, is expected to take 39. Neither has the intention to form a coalition with senoi. I think the citizens voted on how bad the economic policies of the partys administration are. The ruling party was embroiled in a feud in a runup. It would be the first time in 16 years the ruling party becomes a minority. It could affect the governments implementation of the agreement reach with japan in december on the issue of those referred to as comfort women, as handling of north korea. Officials from prefecture government will sit down again over a contentious plan. Theyll try to find Common Ground over plans to relocate a u. S. Base. The Central Government wants to move the u. S. Marine corps air station from a densely populated city to a coastal area. Okinawa officials have been fighting to have it moved out of the prefecture altogether. Construction work was suspended after both s
Theyre on course to take the largest proportion of seats with 123. The opposition splinter party, the peoples party, is expected to take 39. Neither has the intention to form a coalition with senoi. I think the citizens voted on how bad the economic policies of the partys administration are. The ruling party was embroiled in a feud in a runup. It would be the first time in 16 years the ruling party becomes a minority. It could affect the governments implementation of the agreement reach with japan in december on the issue of those referred to as comfort women, as handling of north korea. Officials from prefecture government will sit down again over a contentious plan. Theyll try to find Common Ground over plans to relocate a u. S. Base. The Central Government wants to move the u. S. Marine corps air station from a densely populated city to a coastal area. Okinawa officials have been fighting to have it moved out of the prefecture altogether. Construction work was suspended after both s
System. I wont say too much but it is one of the hottest topics around and most important topics around. Of course theres china but theres the whole of asia. And i think the Financial System as weve all learned is one of the absolute requirements for growth. Deputy managing director min zhu was previously adviser to the managing director, senior adviser, and he was the Deputy Governor of the bank of china, and before that, chairing a working group on financial issues. So there is few i think in the world, if any, who knows more certainly about the chinese Financial System but now about the whole world Financial System than min zhu, our friend min zhu. And he makes us an honor to come to brookings for this event. So thank you very much. I will cede the floor to him. After his remarks the panel will i will introduce the panel and we will have some further remarks from two colleagues from the fund, from our own eswar prasad. I will then launch a discussion where we will go from a Panel Di