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Fed’s International Finance Director Stepping Down

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From Am. Bankers Assoc. newletter 8/9/11 posted early a.m. --

Fed’s International Finance Director Stepping Down
D. Nathan Sheets, director of the Federal Reserve’s International Finance Division and top advisor to Fed Chairman Ben Bernanke on the European debt crisis, is stepping down after 18 years of service with the Fed, the agency announced yesterday. Steven Kamin, currently a deputy director of the division, will serve as acting director. Read more.

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AH! HA! Maybe the FRB doesn't need an international expert any longer if the OCC has a new one! Look at his background!! Received this news bulletin on Taylor at 3:30 this afternoon, where FRB announcement of Sheets leaving was distributed early this morning.

OCC
NR 2011-105
FOR IMMEDIATE RELEASE
August 9, 2011
Contact: Bryan Hubbard
(202) 874-5770

Charles Taylor Named Deputy Comptroller for Capital and Regulatory Policy

WASHINGTON — The Office of the Comptroller of the Currency (OCC) today named Charles Taylor its Deputy Comptroller for Capital and Regulatory Policy.

In this role, Mr. Taylor will oversee formulation of OCC policy on bank capital issues, including developing policies and regulations to implement revisions to the Basel Capital Accord. He will also be a key advisor to OCC executive management and the Comptroller on other important regulatory initiatives affecting the banking system, including Dodd-Frank Act implementation, the Financial Stability Oversight Council, and various international initiatives.

“Charles brings deep international experience, skills, and insight to this important position,” said David Wilson, Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner. “He will play a critical part in this agency’s efforts with regard to capital policy, enhance our understanding of the international implications of OCC policy as well as the impact of international policy and standards on the banks and federal savings associations we supervise.”

Mr. Taylor joins the OCC from The Pew Charitable Trusts where he directed the Financial Reform Project. His nearly four decade career includes leadership roles at the Risk Management Association, Depository Trust and Clearing Corporation, Andersen Consulting and the Group of Thirty.

He began his career in 1973 as an economist with the World Bank. He holds a bachelors in mathematics from King’s College, Cambridge University, a masters in economics from St. Anthony’s College, Oxford University, and a master of business administration from the Wharton Business School, University of Pennsylvania.


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