As a community banker (<$1B Assets), and banking regulatory expert, I agree!
Financial contagions spreads quickly, unfortunately. What I would love to see is decentralized finance in the form of community banks. They have the pre-existing transactional & human capital already.
As a community banker (<$1B Assets), and banking regulatory expert, I agree!
Financial contagions spreads quickly, unfortunately. What I would love to see is decentralized finance in the form of community banks. They have the pre-existing transactional & human capital already.
They also know their borrowers and local market conditions much better than the big guys ever can. They can, thus, usually manage risks (i.e., allocate capital) better and more efficiently.
As a community banker (<$1B Assets), and banking regulatory expert, I agree!
Financial contagions spreads quickly, unfortunately. What I would love to see is decentralized finance in the form of community banks. They have the pre-existing transactional & human capital already.
They also know their borrowers and local market conditions much better than the big guys ever can. They can, thus, usually manage risks (i.e., allocate capital) better and more efficiently.