Randal Quarles of FED Appointed as New FSB Chair
The Plenary of FSB appointed Randal K. Quarles (Governor and Vice Chairman for Supervision at the U.S. Federal Reserve) as its new Chair and Klaas Knot (President of De Nederlandsche Bank) as the Vice Chair, for a three-year term starting on December 02, 2018. The Plenary also agreed that after three years on December 02, 2021 Mr. Knot will take over as Chair for the next three-year term.
These appointments were made at the recommendation of a specially constituted Nominations Committee. FSB Plenary members expressed their gratitude to the current FSB Chair, Mark Carney for his exemplary leadership of FSB over the past seven years.
Related Link: FSB Press Release
Keywords: International, US, Banking, FSB Chair, DNB, FED, FSB
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