Bill Dudley, Columnist

Five Steps to Stop the Next Run on America’s Banks

Lessons for regulators from three weeks of financial mayhem.

March 22, 2023 at 10:00 AM UTC

Bill Dudley is a Bloomberg Opinion columnist. A former president of the Federal Reserve Bank of New York, he is a member of Coinbase Global's advisory council.

Systemic? Who knew?
Photographer: Rebecca Noble/AFP/Getty Images

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The banking havoc of the past few weeks has focused attention on regulators: What should they learn, and what should they do about it?

I see five lessons, and five prescriptions.