Vice Chair for Supervision
E2973
The Vice Chair for Supervision is a senior Federal Reserve official responsible for overseeing and shaping U.S. banking regulation and financial stability policy.
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
Federal Reserve System position
→
central bank supervisory role → |
| appointedBy |
President of the United States
→
|
| chairs |
Board of Governors Committee on Supervision and Regulation
→
|
| confirmedBy |
United States Senate
→
|
| country |
United States
→
|
| createdIn |
2010
→
|
| currentHolder |
Michael S. Barr
→
|
| currentHolderNominatedBy |
President Joseph R. Biden Jr.
→
|
| currentHolderStartDate |
2022
→
|
| firstHolder |
Randal K. Quarles
→
|
| focusesOn |
consumer and community impacts of prudential regulation
→
safety and soundness of banking organizations → systemic risk monitoring → |
| goal |
ensure resilience of large banking organizations
→
mitigate systemic risk in the U.S. financial system → promote financial stability → |
| hasAuthorityOver |
rulemaking related to bank capital standards (subject to Board approval)
→
rulemaking related to bank liquidity standards (subject to Board approval) → supervisory guidance for large banking organizations → |
| inauguralHolderStartDate |
2017
→
|
| jurisdiction |
United States banking system
→
|
| legalBasis |
Dodd–Frank Wall Street Reform and Consumer Protection Act
→
|
| locatedIn |
Washington, D.C.
→
|
| memberOf |
Board of Governors of the Federal Reserve System
→
|
| nominatedBy |
President Donald J. Trump
→
|
| oversees |
Federal Reserve regulatory policy
→
supervision of large bank holding companies → supervision of systemically important financial institutions → |
| participatesIn |
Federal Open Market Committee (as a Board governor)
→
|
| partOf |
Board of Governors of the Federal Reserve System
→
|
| publishes |
semiannual testimony on supervision and regulation to Congress
→
|
| reportsTo |
Chair of the Federal Reserve
→
United States Congress → |
| responsibleFor |
capital regulation policy recommendations
→
developing prudential regulatory standards → liquidity regulation policy recommendations → macroprudential supervision policy → resolution planning policy recommendations → stress testing policy for large banks → |
| roleIn |
U.S. banking regulation
→
financial stability policy → |
| termLength |
4 years
→
|
| worksWith |
Federal Deposit Insurance Corporation
→
Financial Stability Oversight Council → Office of the Comptroller of the Currency → |
Referenced by (2)
| Subject (surface form when different) | Predicate |
|---|---|
|
Federal Reserve Board of Governors
→
|
leaderTitle |
|
Michael S. Barr
("Vice Chair for Supervision of the Board of Governors of the Federal Reserve System")
→
|
positionHeld |