2025 John W. Ryan Award Winner Announced

The Community Banking Research Conference research committee is pleased to announce the selection of “Supervising Failing Banks” as the paper chosen for the John W. Ryan Award for Most Significant Contribution to Community Banking Research as part of the 2025 Community Banking Research Conference.

The authors of the winning paper are: 

• Sergio Correia, Federal Reserve Bank of Richmond
• Stephan Luck, Federal Reserve Bank of New York
• Emil Verner, MIT Sloan School of Management and National Bureau of Economic Research

Here are the key findings from the paper: 

The authors examine the role of supervision in failing banks to understand how it contributes to financial stability. They document that supervisors tend to be well informed about failing banks’ financial trouble well ahead of failure; bank closures are almost always a supervisory decision and are conducted in an orderly fashion with low losses for uninsured depositors. They find that heightened supervisory scrutiny increases the accuracy of financial reporting, the frequency of public enforcement actions, and the likelihood of bank closures. Supervision also affects bank capitalization and the size of surviving banks.