The recent banking turmoil has exposed a longer-term challenge for the sector: the very nature of systemic risk is changing as runs on deposits become easier.
Depositors can access their money quickly and easily through advanced digital tools, and social media platforms allow for influence and opinion to spread broadly at pace.
In episode 54 of The Flip Side, Global Head of Research Jeff Meli and Senior Credit Analyst covering financial institutions Peter Troisi look back at the root causes of the recent banking crisis and debate the implications and potential fallout yet to come.
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About the experts
Global Head of Research, Barclays
Jeff Meli is Global Head of Research at Barclays, based in New York. Jeff joined Barclays in 2005 as the Head of US Structured Credit Strategy and has held a number of other senior positions in the research department, including Head of Credit Research and co-Head of FICC Research. Jeff spearheaded the firm’s response to regulatory changes in Research, including MiFID II, and has revamped the department’s approach to content monetisation. Jeff leads the development of the Research Data Science Platform, tasked with integrating new data sets and modern data techniques into investment research. He writes regularly about special topics in credit markets, liquidity, and financial market regulation and hosts The Flip Side, a podcast covering current events in finance and macroeconomics. Previously, he worked at Deutsche Bank and J.P. Morgan, with a focus on structured credit. Jeff has a PhD in Finance from the University of Chicago and an AB in Mathematics from Princeton.
Director, U.S. Credit Research Group
Peter Troisi is the senior analyst responsible for covering the U.S. High Grade Bank, Insurance and Non-Bank Financial sectors. Pete joined Barclays in June 2012 from Morgan Stanley and has been a credit analyst since 2004, beginning at Standard & Poor’s Ratings. Prior to that, he worked at Crystal & Company, a strategic risk and insurance advisor. Pete received his B.A. from Franklin & Marshall College and his MBA from Fordham University.