Dr. Elham Saeidinezhad, a Term Assistant Professor of Economics at Barnard College and Market Structure Fellow at the Jain Family Institute, dives into the intriguing dynamics of banks functioning as synthetic hedge funds. She discusses the failures of Silicon Valley Bank, highlighting the role of interest rate swaps in its collapse. Elham also explores the complexities of private credit ETFs and the evolving relationship between banks and non-banking entities. Her insights shed light on the regulatory challenges and risks facing today’s financial markets.