ARTICLE
28 December 2018

Financial Stability Board Appoints New Chair And Vice Chair

SS
Shearman & Sterling LLP

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On November 26, 2018, the Financial Stability Board announced the appointment of Randal K. Quarles (Governor and Vice Chairman for Supervision at the U.S. Federal Reserve System) ...
United States Corporate/Commercial Law

On November 26, 2018, the Financial Stability Board announced the appointment of Randal K. Quarles (Governor and Vice Chairman for Supervision at the U.S. Federal Reserve System) as its new Chair and Klaas Knot (President of De Nederlandsche Bank) as its Vice Chair for a three-year term starting on December 2, 2018. Klass Knot will succeed Randal K. Quarles as Chair on December 2, 2021 for the next three-year term.

The current FSB Chair, Mark Carney, will step down on December 1, 2018 after seven years of leadership.

The press release is available at: http://www.fsb.org/2018/11/appointment-of-new-fsb-chair-and-vice-chair/.

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