Explaining the Banking Crisis: What Happened, Its Wide Implications and Lessons Learned

15 years after the 2008 financial crisis, we are back in the banking soup.

Silicon Valley Bank—the 16th-largest U.S. bank by assets—built a portfolio that ultimately cracked under stress, resulting in its failure and seizure. Two days later, Signature Bank became the third largest bank to collapse in U.S. history. The financial sector then experienced the bailout of the U.S. regional lender First Republic Bank and the takeover of the troubled Swiss bank Credit Suisse by its rival, UBS.

In this video, a number of key questions and issues are discussed by a Numerix panel of financial industry experts representing the banking, insurance, asset management and hedge fund industries. Subjects covered include:

  • How did this crisis unfold?
  • Who is to blame? The banks, the Fed, regulators, or all three?
  • The impact of inflation to the banking industry
  • The threat of a recession
  • How the financial markets reacted
  • The effect of poor risk management and substandard asset liability management
  • Importance of having the right risk technology systems
  • Lessons learned


Neil Chinai, Numerix Consultant, Operating Partner at Sand Hill East

Neil Chinai is currently a strategic advisor for Numerix, starting in January 2021. Formerly, he worked at HSBC as CIO of Americas, in which he provided senior oversight of product areas and control functions for the U.S., Canada and Latin America, and was also Global Head of Fixed Income, Emerging Markets, a role that tasked him with establishing an IT strategy plan to top grade the firm’s technology to meet automation, legacy demise and cost savings targets. Prior to HSBC, Neil held the role of Managing Director, Global Rates, Emerging Markets, Securitized Products and Reform Technology for Barclays Capital. He also held executive roles at Merrill Lynch and the Swiss Bank Corporation. Neil has a great passion for innovation and disruptive technology across digitalization, AI, blockchain and data sciences, many of which he applied to the front office areas across price discovery, risk management, electronic trading and trade management and processing. 

Barry Seeman, Numerix Consultant, Founder of Bear Run Partners

Barry Seeman is a strategic, well-connected executive and team leader with a 30+ year track record of business management, business strategy and development, sales, risk management, derivatives trading, and improvement of profitability for complex financial services operations. He is the founder of Bear Run Partners, a specialized consultancy firm, applying capital markets, asset management and client management experience to impact companies in their strategic growth plans, product development, project management and client expansion.

Kevin McPartland, Head of Market Structure and Technology Research, Coalition Greenwich

Kevin McPartland has over 20 years of capital markets industry experience with deep expertise in market structure, regulation and technology impacting the fixed-income, FX and equity markets. Prior to joining Coalition Greenwich, Kevin was with BlackRock, where he was a Director in the Electronic Trading and Market Structure group. Prior to  Blackrock, he was a Principal at TABB Group, where he founded and led the firm's fixed-income research practice. Kevin also spent time at J.P.Morgan, UBS and Deutsche Bank in varying capacities. Kevin has presented at a wide range of industry conferences, is quoted regularly in the financial media and has provided live and taped commentary on various TV and radio outlets. In addition, he provided testimony discussing the Dodd-Frank Act in 2011 to the U.S. Senate’s Banking Committee and three times to the U.S. Commodities and Futures Trading Commission (CFTC), mostly recently in 2015. 

Moderator: James Jockle, Chief Marketing Officer & Executive Vice President at Numerix

James Jockle leads the company's global marketing efforts, spanning a diverse set of solutions and audiences. He oversees integrated marketing communications to customers in the largest global financial markets and to the Numerix partner network through the company's branding, electronic marketing, research, events, public relations, advertising and relationship marketing. Prior to joining Numerix, he served as Managing Director of Global Marketing and Communications for Fitch Ratings. During his tenure at Fitch, Mr. Jockle built the firm’s public relations program, oversaw investor relations and led marketing and communications plans for several acquisitions. Prior to Fitch, Mr. Jockle was a member of the communications team at Moody's Investors Service.

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