Randal Quarles to chair Financial Stability Board as Carney steps down

The Financial Stability Board, the G20 organ that has led much of the post-crisis re-regulation, has appointed Randal Quarles as its new chair and Klaas Knot as vice-chair, after Bank of England governor Mark Carney stepped down.

  • By Owen Sanderson
  • 29 Nov 2018

Quarles became a governor of the US Federal Reserve and its vice-chairman for supervision in October 2017.

Knot is president of De Nederlandsche Bank.

Carney has led the FSB for the last seven years through work on sustainable finance, derivatives reform, bank resolution and loss absorbency, among other areas. After ...

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