
Quarles to lead review of FSB monitoring
Appointment of former Fed vice-chair reflects shift in focus for global body

Randal Quarles, former vice-chair for supervision at the US Federal Reserve, is to lead a review of implementation monitoring at the Financial Stability Board (FSB), as scrutiny of national rulemaking becomes a greater priority for the global regulatory body.
Quarles, who chaired the FSB from 2018 to 2021, will lead a “high-level group” of experts appointed by the Group of Twenty to conduct a strategic review of the board’s monitoring work.
Quarles’s review will assess 15 years of reform
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