Randal Quarles

Quarles wins Senate approval for full term on Fed board


The Senate voted 66-33 to approve Federal Reserve Vice Chairman for Supervision Randal Quarles for a full 14-year term on the central bank's board.


Tax law upends banks’ CCAR stress test scores


The president’s signature tax reform law muddled this year’s stress test results, causing several banks to incur greater-than-expected losses and spurring the Federal Reserve to constrain capital distributions at a handful of banks.


Stress test results show hit to capital from tax reform


All 35 banks passed the Federal Reserve's first round of tests, but their results were not as stellar as last year's.


Fed finalizes rule limiting banks' exposure to single trading partner


The rule hews closely to a 2016 proposal but the central bank made a notable change to reflect a higher threshold for banks considered "systemically important."


'There's a lot of work to do' on bank regulation: Fed's Powell


Federal Reserve Chairman Jerome Powell said the agency has its hand full between proposals on liquidity and capital requirements and additional mandates made by the recently enacted regulatory relief law.


Fed sets dates for public release of 2018 stress tests


The agency will release the results of the Dodd-Frank Act Stress Test on June 21 and the Comprehensive Capital Analysis and Review on June 28.


Fed to vote next week on proposed changes to Volcker Rule


Long-awaited modifications to proprietary trading ban are to be unveiled at an open meeting on May 30.


Regulators extend comment deadline for leverage ratio proposal


Commenters will have more time to weigh in on the plan, by the Fed and OCC, that has triggered divisions among the federal regulators.


Fed weighs easing how foreign banks in U.S. must gird for crisis


The Federal Reserve should think about dialing back its demand that foreign banks in the U.S. have an especially amplified ability to absorb losses, Vice Chairman Randal Quarles said at a Wednesday conference.


Will capital plan cost big banks $400M or $121B? Yes


The Fed and FDIC are at odds over how proposed changes to the supplemental leverage ratio would change megabanks’ capital levels. Here's why both estimates are right but misleading.