Thomas Feddo joins Patomak Global Partners
Washington, D.C. – Patomak Global Partners announced that former Assistant Secretary of the Treasury for Investment Security Thomas Feddo has joined the firm as a Senior Advisor. “Tom brings a unique and deep understanding of the increasing risks that companies...
Banking fallout proves nothing’s free from risk, says Patomak Global Partners’ Keith Noreika
Keith Noreika, Patomak Global Partners, joins ‘The Exchange’ to discuss the SVB collapse and banking regulation.
SEC’s New Telework Policy is Raising Eyebrows
As many SEC employees are staying home, large swaths of the private sector that the SEC regulates are returning to work. Congress has taken note. The Stopping Home Office Work’s Unproductive Problems Act (SHOW UP Act), passed in the House last month would require...
Fox Business – The banking industry is taking matters into their own hands: Keith Noreika
Fox Business - The banking industry is taking matters into their own hands: Keith Noreika
When Is Saying ‘No to Anti-Competitive Mergers’ Actually Anti-Competitive?
On February 15, 2023, Senator Elizabeth Warren spoke out against what she labels “anticompetitive bank mergers” as part of a larger speech lamenting 40 years of what she sees as lax antitrust enforcement resulting in competition in one market after another being...
The SVB Failure: Regulatory Response and Risk Management Considerations
Interest rate risk and risk management practices contribute to largest bank failure since 2008, signaling challenges for other regional banks. Banking regulators will likely evaluate new regulatory requirements around asset quality management and liquidity controls....
Keith Noreika speaks to Yahoo Finance: As Banks Topple, Regulators Face Reckoning on Week of Mayhem
“With Silvergate there was a little bit of a regulatory blind spot,” said Keith Noreika, who served as acting comptroller of the currency in 2017. “Because they wound it down mid-week, everyone got a little spooked, thinking this is going to happen to others with similar funding mismatches.”
Keith Noreika featured in Fast Money article on Silicon Valley Bank
“To close a bank that presumably has positive equity value—in the initial estimates the asset value exceeds liabilities by $35 billion—and to close it before opening of business on a Friday is unheard of,” says Keith Noreika, executive VP and chairman of the Banking Supervision and Regulation Group at Patomak Global Partners. “It could spread panic throughout the market.”
Politico speaks to Keith Noreika on SVB collapse
Despite the SVB’s high concentration of startup customers, markets aren’t “gonna view Silicon Valley Bank as contained to Silicon Valley,” Keith Noreika, a former acting Comptroller of the Currency and the executive vice president and chair of the banking supervision and regulation group at Patomak Global Partners, told POLITICO.
Federal Reserve Hardens Stance Towards Crypto, Denies Bank Membership
What's Happening Federal Reserve (FRB) denies membership and master account application for state-chartered Custodia Bank with crypto-focused business model FRB presumptively prohibits banks it supervises from holding crypto as principal and certain other...