Four months before the second-largest bank failure in U.S. history, key banking regulators worried about the dangers large regional lenders posed to financial stability, according to records from an advisory meeting reviewed by Reuters. Officials from the Federal Deposit Insurance Corp (FDIC) told an advisory panel on bank failures in November that 'large portions' of regional banks' deposit balances were uninsured and warned of 'knock-on effects' for other banks. FDIC Chairman Martin Gruenberg said at the meeting, which was held in public but the details of which have not been previously reported, that after the financial crisis of 2008 regulators had fixated on making the biggest banks, deemed global systemically important banks (G-SIBs), safe.

https://business.inquirer.net/398037/us-regulators-worried-about-uninsured-deposits-before-march-crisis

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