During Episode 103 – Financial Institutions in the Current Environment we visit with Bill Isaac who has had an unparalleled career serving as Chairman of the Federal Deposit Insurance Corporation (FDIC) during the banking crises of the 1980s as well as Chairman of Fifth Third Bancorp during the Great Recession.
During this extended episode we will discuss the current banking environment, gain insights about how to manage risks for banks and some insights for operating businesses.
Key takeaways include:
- Understanding recent bank failures in the context of the bank failures of the 1980s and the Great Recession.
- Lessons learned from Bill’s time at the FDIC and applicability to today’s regulatory environment
- Top risks and insights for banks
While this episode has a focus on banking, business leaders and investors will gain insights that may assist them navigating through this period of higher interest rates and better understanding how to work with their bankers.
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This podcast is about you and your education about risk management.
When everyone’s eyes are focused on the next sale, the high-impact, low-visibility risks often get overlooked …we call these Blind Spots. These blind spots cause ‘WHAT THE R*SK!’ moments.
So, join us on this journey, as we learn to ask the right questions, expose potential pitfalls, and turn those ‘WHAT THE R*SK!’ moments into ‘I’ve got this!’ victories.”
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Transcript
BILL-ISAAC-FINAL-FINAL.mp3
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When I joined the FDIC 50 years ago there were more than 40,000 banks. Back then there was an expression that there were more banks than bankers. Today with less than 5,000 banks that expression still remains true.