Bank Failures & the Regulatory Response with Former Fed Vice Chair Randy Quarles: BI Webinar
Speakers
Herman Chan
Senior U.S. Regional Banks Analyst
Bloomberg Intelligence
Herman Chan is the senior equity research analyst covering regional banks at Bloomberg Intelligence. He provides in-depth analysis on banks' balance sheet strategy, interest rate positioning, credit quality indicators and growth trends. Before joining Bloomberg, he was a senior manager in investor relations at M&T Bank. A CFA charterholder, he has a decade of sell-side equity research experience, including senior analyst covering mid cap banks at Wells Fargo Securities. Earlier in his career, he conducted research on financial institutions at Citi Equity Research, Wachovia Securities and Prudential Equity Group.
Randy Quarles
Chairman, The Cynosure Group
Cynosure Group
Randal Quarles is Chairman and founder of The Cynosure Group, alternative asset and wealth advisory firm. From October of 2017 through October 2021, Mr. Quarles was Vice Chairman of the Federal Reserve System, serving as the system’s first Vice Chairman for Supervision, charged with ensuring stability of the financial sector. From December 2018 until December 2021, he also served as the Chairman of the Financial Stability Board, a global body established after the Great Financial Crisis to coordinate international efforts to enhance financial stability. He was a key architect of the Fed’s crisis response in March of 2020, credited with maintaining the function of the US and global financial systems, as described in the books Limitless and Trillion Dollar Triage. Earlier in his career, Mr. Quarles was a long-time partner at The Carlyle Group, a leading global private equity firm, and before that a partner at the international law firm of Davis Polk & Wardwell, where he was co-head of their financial services practice. Mr. Quarles has been a close advisor to every Republican Treasury Secretary for the last 35 years, including as Under Secretary of the Treasury in the Bush ’43 Administration. He has represented the United States in meetings of the Group of Seven, Group of Twenty, and Financial Stability Forum, and was also US Executive Director of the IMF.