Topics: Bank Capital Requirements, Bank Stress Tests Summary: The turmoil touched off by the collapse of Silicon Valley Bank has demolished much of what the Federal Reserve, political leaders, and investors thought they had leamed from the global financial crisis of 2007-09. They assumed complex securities, too-big-to-fail banks, and shadowy, lightly regulated lenders were the weak links in the system. Instead, the weak links were its mundane, ostensibly safe partsgovernment bonds, smaller banks, and deposits. Questions to answer in the discussion: - What were the causes of the global financial crisis? - What were the causes of the downfall of Silicon Valley Bank? - Why were Fed regulators caught off-guard by recent events? - What are potential policy responses to address the current issues facing US regional banks