Financial Stability Board

Randal K. Quarles

Chair of the FSB

Governor US Federal Reserve

Randal K. Quarles took office as a member of the Board of Governors of the Federal Reserve System in October 2017, and was appointed Vice Chair for Supervision at the same time. He became Chair of the FSB in December 2018.

Mr Quarles received an A.B. in philosophy and economics, summa cum laude, from Columbia in 1981 and a law degree from the Yale Law School in 1984.

Prior to his appointment to the Federal Reserve Board, Mr Quarles founded and was managing director of the Cynosure Group and a partner at The Carlyle Group. Mr Quarles served as Under Secretary for Domestic Finance at the US Treasury and as Assistant Secretary for International Affairs. 

Prior to, and in between, his service at the Department of the Treasury, Mr. Quarles was a partner at Davis Polk & Wardwell in their New York and London offices. He also served as the US Executive Director of the International Monetary Fund.


18 October 2021 Financial Stability and Coordination in Times of Crisis

FSB Chair Randal K Quarles speaks at the Banco de España: Third Conference on Financial Stability

11 July 2021 Disclosures and Data: Building Strong Foundations for Addressing Climate-Related Financial Risks

FSB Chair Randal K Quarles speaks at the Venice International Conference on Climate Change

30 March 2021 The FSB in 2021: Addressing Financial Stability Challenges in an Age of Interconnectedness, Innovation and Change

FSB Chair Randal K. Quarles speaks at a virtual event hosted by the Petersen Institute for International Economics.

23 November 2020 Cooperation: the foundation of a resilient global financial system

Article by FSB Chair Randal K. Quarles in the magazine Saudi Arabia: The Riyadh Summit published by the G20 Research Centre at the University of Toronto.

20 October 2020 The Financial Stability Board’s Roadmap for Addressing NBFI Vulnerabilities

FSB Chair Randal K. Quarles speaks at the annual meeting of the Securities Industry and Financial Markets Association.

7 July 2020 Global in Life and Orderly in Death: Post-Crisis Reforms and the Too-Big-to-Fail Question

FSB Chair Randal K. Quarles speaks at a virtual event hosted by the Exchequer Club.

3 October 2019 The Financial Stability Board at 10 Years—Looking Back and Looking Ahead

Remarks by FSB Chair Randal K. Quarles at the European Banking Federation’s European Banking Summit in Brussels.

26 September 2019 Government of Union: Achieving Certainty in Cross-Border Finance

Remarks by FSB Chair Randal K. Quarles at an FSB workshop on pre-positioning, ring-fencing, and market fragmentation in Philadelphia.

25 June 2019 FSB Chair’s letter to G20 Leaders meeting in Osaka

Letter from the FSB Chair to G20 Leaders ahead of their Summit in Osaka.

25 June 2019 FSB press briefing: Chair’s opening statement

Opening statement by FSB Chair Randal K. Quarles for an FSB press briefing.