Randal Quarles

Vice Chairman for Supervision, Federal Reserve Board

INFO, BACKGROUND ON RANDAL QUARLES

BIRTH DATE	Sept. 5, 1957
POSITION	Vice Chairman for supervision, Federal Reserve Board
EDUCATION	Columbia University Yale University (school of law)
EXPERIENCE	Government: 2005-06: Under Secretary of the Treasury for Domestic Finance 2002-05: Assistant Secretary of the Treasury for International Affairs 2001-02: U.S. Executive Director, International Monetary Fund 1990-93: Special Assistant to the Secretary of the Treasury for Banking Legislation; Deputy Assistant Secretary of the Treasury for Financial Institutions Policy Other: 2014 to present: Cynosure Group 2006-14: Carlyle Group 1993-2001:Davis Polk & Wardwell 1984-90: Davis Polk & Wardwell

PA bank failure, first of year, came from reclassified debt securities, dysfunctional management, report finds

November 13, 2024 0

Republic First Bank became “critically undercapitalized” in April – which a dysfunctional board and management team exacerbated, ultimately leading to the bank’s failure, according to the material loss review published Wednesday by the federal insurer of bank deposits. The report, [...]
Reports of suspected fraud using deepfake media spurs FinCEN to issue ‘red flags’ alert to FIs

November 13, 2024 0

An alert to help financial institutions identify fraud schemes targeting them and that are associated with the use of deepfake media created with generative artificial intelligence (GenAI) tools was issued Wednesday by Treasury’s financial crimes enforcement arm. The Financial Crimes [...]
Two promoted to OCC deputy controllers for large bank supervision

November 13, 2024 0

Two long-time bank examiners – Robert Barnes and Kevin Greenfield – were promoted to the posts of deputy comptrollers for large bank supervision, the Office of the Comptroller of the Currency (OCC) said Wednesday. The OCC said Barnes, a national [...]