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ABA Statement on Leadership Changes Within Financial Stability Board

“I want to congratulate Federal Reserve Vice Chairman Randal Quarles on his appointment to serve as the next chair of the Financial Stability Board. Given his international experience and his role as the Fed’s chief regulatory policymaker, Randy is an excellent choice for this role, and he will ensure that the perspectives of all nations, including the U.S., will be fully considered as the FSB evaluates global financial stability going forward. ABA looks forward to working with him and incoming Vice Chair Klaas Knot, and we thank outgoing Chair Mark Carney for his leadership of the FSB over the last seven years.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $18 trillion banking industry, which is composed of small, regional and large banks. Together, America’s banks employ more than 2 million men and women, safeguard $14 trillion in deposits and extend more than $10 trillion in loans.

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