Jason Cave joins SEDA Experts’ Bank Supervision Expert Witness Practice
Legal Newswire
Apr 09, 2024
New York, NY, April 9, 2024 – SEDA Experts LLC, a leading expert witness firm providing world-class financial expert witness services, announced today that Jason Cave joined the firm as Managing Director and Expert Witness.
“Jason’s breadth of regulatory experience will be enormously valuable to our clients,” said Peter Selman, Chairman and Managing Partner of SEDA Experts.
Jason Cave has over 30 years of financial regulatory experience, starting as a commissioned bank examiner and holding several high-profile leadership positions at the Federal Deposit Insurance Corporation (“FDIC”) and Federal Housing Finance Agency (“FHFA”), promoting stability across banking, mortgage finance, and technology. Mr. Cave advised four Presidential-appointed leaders: FDIC Chairs Bair and Gruenberg and FHFA Directors Calabria and Thompson. Mr. Cave was an active member of international standards authorities, serving as the FDIC’s lead representative on the Basel Committee for Banking Supervision for over 10 years.
During his tenure at FDIC, Mr. Cave managed the FDIC’s Global Financial Crisis response program, working closely with the U.S Treasury and the Federal Reserve to stave off a funding crisis in the credit markets, Mr. Cave helped create the FDIC Debt Guaranty Program, providing $345 billion in emergency funding to over 120 firms at a net profit of $10 billion and testified on Capitol Hill on our success in winding down the program.
Mr. Cave was a key architect in the developing the FDIC’s post-crisis systemic risk and resolution framework, building the FDIC’s expertise in large bank risk management and readiness and was a key contributor to various government reviews of the cause of the Global Financial Crisis, testifying on behalf of the FDIC in front of the Congressional Oversight Panel.
Mr. Cave served in several oversight and governance committees, as Voting Member of the FDIC’s Supervision Appeals Review Committee (SARC) responsible for deciding on the merits of appeals made by FDIC-supervised banks and as Conservator over Fannie Mae and Freddie Mac, ensure the two entities complied with PSPA provisions established by the US Treasury. Mr. Cave was called upon to address various stress events, serving as the FDIC Point on the JP Morgan London Whale scandal, working with executives, Fed and OCC to unwind the mismatched positions with minimal risk to the system. Mr. Cave advised FDIC Chairman Bair on the resolution of WaMu, the Wachovia assisted transaction, the Citi and BofA asset guarantees, and the Citi recaps along with several high profile and troubled bank mergers, affiliate transactions, industry and firm recapitalization plans, loss share and structured assets sale programs, Board and executive search engagements.
Mr. Cave advises various companies looking to enhance their strategic and regulatory engagements in the banking, mortgage and tech industries.
About SEDA Experts LLC
SEDA is a leading expert witness firm specializing in financial services. We support international law firms by offering the highest level of expertise across the financial industry and providing access to the most influential financial services industry leaders. We provide superior independent advice, data analytics, valuation, and elite expert reports and testimony services to law firms, regulators, and leading financial institutions.
Contact Information:
Damiano Colnago
dcolnago@sedaexperts.com
Managing Partner