Meet Your Hosts
Discover the experiences and the faces behind Banking Bad.
Our Experience
Whether the next crisis is triggered by cryptocurrency, private lending, fintech, social media, or something else, and whether it spills over to the more regulated banking sector, we can't know for sure. But what we do know is that the seeds for the next crisis are being planted today. History may not repeat itself, but it does rhyme.
John Bovenzi is a Co-Founder of The Bovenzi Group, a boutique financial advisory firm specializing in banking issues related to risk management, compliance, corporate governance, failure resolution, deposit insurance and new bank charters.
Prior to forming the Bovenzi Group, Mr. Bovenzi was a Senior Partner at Oliver Wyman (2009-2020), advising public and private sector clients on banking-related issues.
John also worked at the FDIC (1981-2009), where he was a principal adviser to nine FDIC Chairmen. He served as Director of Resolutions and Receiverships (1992-1999) and as Deputy to the Chairman and Chief Operating Officer (1999-2009). In the latter role, he directed the day-to-day operations for bank supervision, risk management, compliance, deposit insurance, failure resolution, and internal operations. In 2008, Mr. Bovenzi also served as the Chief Executive Officer of IndyMac Federal Bank while the bank was owned and operated by the FDIC.
Mr. Bovenzi holds a BA degree in economics from the University of Massachusetts, and an MA and Ph.D. degrees in economics from Clark University. He is the author of numerous publications, including Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles and was the editor of “Managing the Crisis, the FDIC and RTC Experience.”
John Bovenzi
Tom
Vice
Tom Vice, CPA, CFA, is a veteran Canadian financial-sector executive with more than 40 years of experience covering the banking and insurance industries as well as deposit insurance, financial regulation, and crisis management. During his career at the Canada Deposit Insurance Corporation (CDIC), he played a direct role in the restructuring and resolution of more than 20 federally regulated financial institutions and later led the development of Canada’s large-bank resolution planning regime.
Tom has worked closely with senior leaders at Canada’s largest banks, as well as the federal regulatory agencies on financial stability and crisis-management initiatives. He has also been engaged internationally on several assignments focused on bank-resolution and deposit-insurance issues.
Tom recently retired from the board of HSB Canada, a Munich Re company specializing in equipment breakdown, cyber, and specialty insurance. Through Banking Bad, he brings listeners inside the real-world stories, decisions, and lessons behind financial crises and bank failures.
Mr. Walker has experience in deposit insurance, bank resolution, economics, financial regulation and crisis management. From 2016-23 he was the Secretary General of the International Association of Deposit Insurers (IADI). In this role he provided leadership in the development and execution of IADI’s Strategic Plans, including strengthening the role of the Association as the international standard setter for deposit insurance. IADI is domiciled within the Bank for International Settlements (BIS).
During 2008-16, he chaired the IADI Guidance Group and was instrumental in developing IADI’s Core Principles for Effective Deposit Insurance Systems. Prior to joining IADI, Mr. Walker spent 22 years with the Canada Deposit Insurance Corporation in insurance and risk assessment, policy development and international affairs.
Mr. Walker has also been active with the Financial Stability Board (FSB) Resolution Steering Group and helped develop the FSB Key Attributes of Effective Resolution Regimes. He has worked with organisations such as the BIS, the IMF, the World Bank, the Toronto Centre and the Islamic Financial Services Board and has provided technical assistance to over 40 jurisdictions. He also held positions with the Royal Bank of Canada and the Federal Ministry of Finance.
He is presently working as an External Director for the Virgin Islands Deposit Insurance Corporation and an Advisor to the Bermuda Deposit Insurance Corporation.
Mr. Walker holds an MBA and an MA in International Economics from McGill and Ottawa University.