Saule Omarova

Aug 2, 2024 | yalejreg.com | Saule Omarova

This Article offers a conceptual framework for analyzing public banking as an institutional form of finance. It examines the key elements of design of a public bank as a financial institution―its core functions, sources of funding, asset structure, and governance framework―and highlights the opportunities and challenges presented by various choices along these dimensions.

Apr 1, 2024 | yalelawjournal.org | Kathryn Judge |Saule Omarova |Graham Steele

Banking law shapes the structure of the banking system, which in turn shapes the structure of the economy. One of the most significant ways that banking law in the United States traditionally sought to promote Brandeisian values of stability and decentralization was through a combination of carrots and sticks that enabled small banks across the country to thrive.

Jan 25, 2024 | yalelawjournal.org | Graham Steele |Kathryn Judge |Saule Omarova

. Money is power. Banks have the extraordinary power to create the nation’s money and credit, which they are entrusted to channel into productive economic uses. Like most other forms of economic power, this publicly granted privilege can be abused for private gain. That is why the “money monopoly” and “money trusts” were once considered one of the most dangerous forms of concentrated private wealth, an existential threat to economic freedom and American democracy.

Apr 4, 2023 | prospect.org | Saule Omarova |Marc Goldberg Professor

This story is part of a Big Ideas series that brings together experts to offer steps that the government can take to protect the financial system, after the collapse of Silicon Valley Bank showed its inherent fragility. You can read all of the stories in this series here. There is still a lot the American public needs to learn about the causes and implications of the current banking crisis.

Mar 27, 2023 | democracyjournal.org | Saule Omarova |Todd Tucker

Financial markets have had one of the most tumultuous winters in more than a decade. Last November, we witnessed the collapse of FTX, once seen as the model for relatively safe crypto businesses. Earlier this March, we saw the domino-like cratering of Silvergate, Silicon Valley Bank, and Signature Bank, three mainstream banking institutions that serviced clients in the tech and crypto industries. It is no coincidence that the current banking crisis began in the tech and crypto sectors.