SFNet continues to assess the effects of the SVB fallout and will provide relevant information and resources as events unfold. 

To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy.

A key theme that emerged from sessions and keynotes at SFNet’s 77^th Annual Conference in Phoenix, AZ, was the need to fortify and build resilience to prepare for challenges and increasing turbulence due to economic, regulatory, social and technological disruptions. And while the speakers said they appreciate more data, many recommended a greater focus on human connection that fosters trust. One independent said bluntly, “You want to look your borrower in the eye.”

“Everyone wants a crystal ball,” said another presenter, “but no one has one.”