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For Immediate Release
November 26, 2018
ABA Media Contact: Ian McKendry
(202) 663-5473
Follow us on Twitter: @ABABankers

ABA Statement on Leadership Changes Within Financial Stability Board

By Rob Nichols, ABA president and CEO

​“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.”
The American Bankers Association is the voice of the nation's $17 trillion banking industry, which is composed of small, midsize, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend nearly $10 trillion in loans.