On 26 November 2018, Plenary of the Financial Stability Board (FSB) unanimously agreed to appoint Randal K. Quarles, Governor and Vice Chairman for Supervision at the US Federal Reserve, as its new Chair and Klaas Knot, President of De Nederlandsche Bank, as Vice Chair.
The term of office of the current FSB Chair, Mark Carney, Governor of the Bank of England, is due to end on 1 December 2018. Randal K. Quarles’s term as Chair will run from 2 December 2018 until 1 December 2021. The Plenary also agreed that Klaas Knot will then become FSB Chair from 2 December 2021 until 1 December 2024.
The authors
Marina Troullinou
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