SPEAKERS’ BIOS
Kian Abouhossein
Managing Director and Head of the European Banks Equity Research Team
J.P. Morgan
Mr. Abouhossein covers Global Investment Banks, including Goldman Sachs, Morgan
Stanley, UBS, Credit Suisse, and Deutsche Bank. He is the highest ranked individual
European Bank analyst—and his team, the top-ranked European team—in the II poll. Kian
has 17 years of experience in Banking Equity Research. He has been global bank coordinator
at J.P. Morgan and has covered Benelux, Nordic, German and French Banks in the past. He
moved to J.P. Morgan in May 2000, from UBS Warburg, where he spent four years as a
banking analyst. Previously, he worked at HSBC. Kian graduated from the University of
British Colombia with a Finance Degree. He is an active Member of the UBC Portfolio
Management Fund.
Mary Aiken
Manager, Credit, Market, Liquidity Risk Policy
Federal Reserve Board of Governors
Ms. Aiken is the manager of the Market, Liquidity, Credit and Other Risk Policy Section, of
the Division of Bank Supervision and Regulation at the Board of Governors of the Federal
Reserve System. Her section develops policy around credit, market risk, capital markets,
asset liability management, and trading activities of banking institutions under the
jurisdiction of the Federal Reserve. Prior to joining the Board in August 2008, Mrs. Aiken
served as Senior Vice President and Term Funding Desk Manager for the Corporate Treasury
area of Bank of America. While at Bank of America Mrs. Aiken held various positions
within Corporate Treasury and the Finance Division. Mrs. Aiken BS in Finance from
Clemson University and has a MBA from Queens University.
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Murat Arslaner
Financial Sector Specialist, Banking Service Line, Financial Systems Global Practice
Financial and Private Sector Development Vice Presidency
The World Bank
Murat Arslaner is a Financial Sector Specialist at the Financial and Private Sector Vice
Presidency of the World Bank. He joined the Bank in October 2008.
He is one of the three developers of the Financial Projection Model (FPM). He also
developed the Least Cost Test Model (LCTM) for developing bank resolution options.
Prior to joining the World Bank he worked as an on-site Bank Examiner at the Banking
Regulation and Supervision Agency of Turkey for 7 years and for 2 years as an assistant
economist at the State Planning Agency in Turkey.
He acquired his MBA in Finance degree in 2008 from Johns Hopkins University.
Ben S. Bernanke
Chairman
Board of Governors of the Federal Reserve System
Ben S. Bernanke was sworn in on February 1, 2006, as Chairman and a member of the Board
of Governors of the Federal Reserve System. Dr. Bernanke also serves as Chairman of the
Federal Open Market Committee, the System's principal monetary policymaking body. He
was appointed as a member of the Board to a full 14-year term, which expires January 31,
2020, and to his second, four-year term as Chairman, which expires January 31, 2014.
Before his appointment as Chairman, Dr. Bernanke was Chairman of the President's Council
of Economic Advisers from June 2005 to January 2006.
Dr. Bernanke has already served the Federal Reserve System in several roles. He was a
member of the Board of Governors of the Federal Reserve System from 2002 to 2005; a
visiting scholar at the Federal Reserve Banks of Philadelphia (1987-89), Boston (1989-90),
and New York (1990-91, 1994-96); and a member of the Academic Advisory Panel
at the Federal Reserve Bank of New York (1990-2002).
From 1994 to 1996, Dr. Bernanke was the Class of 1926 Professor of Economics and Public
Affairs at Princeton University. He was the Howard Harrison and Gabrielle Snyder Beck
Professor of Economics and Public Affairs and Chair of the Economics Department at the
university from 1996 to 2002. Dr. Bernanke had been a Professor of Economics and Public
Affairs at Princeton since 1985.
Before arriving at Princeton, Dr. Bernanke was an Associate Professor of Economics (198385) and an Assistant Professor of Economics (1979-83) at the Graduate School of Business at
Stanford University. His teaching career also included serving as a Visiting Professor of
Economics at New York University (1993) and at the Massachusetts Institute of Technology
(1989-90).
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Dr. Bernanke has published many articles on a wide variety of economic issues, including
monetary policy and macroeconomics, and he is the author of several scholarly books and
two textbooks. He has held a Guggenheim Fellowship and a Sloan Fellowship, and he is a
Fellow of the Econometric Society and of the American Academy of Arts and Sciences. Dr.
Bernanke served as the Director of the Monetary Economics Program of the National Bureau
of Economic Research (NBER) and as a member of the NBER's Business Cycle Dating
Committee. In July 2001, he was appointed Editor of the American Economic Review. Dr.
Bernanke's work with civic and professional groups includes having served two terms as a
member of the Montgomery Township (N.J.) Board of Education.
Dr. Bernanke was born in December 1953 in Augusta, Georgia, and grew up in Dillon, South
Carolina. He received a B.A. in economics in 1975 from Harvard University (summa cum
laude) and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology.
Peter Brierley
Head of Policy
Special Resolution Unit and Advisor in the Financial Stability Directorate
Bank of England
Mr. Brierley has worked for over 30 years at the Bank of England. Between 2007 and 2009,
Peter was heavily involved in drawing up the U.K. government’s plans to reform its approach
to bank resolution, drawing on work he had done over the previous 3 years. This culminated
in the passage of the Banking Act in February 2009, which created a Special Resolution
Regime for U.K. incorporated deposit-taking institutions. The Act gave the Bank of England
responsibility for resolving failed banks and led to the establishment within the Bank of the
Special Resolution Unit.
Peter qualified with a B.A. in Economics and Politics and an M. Phil in Economics from
Oxford University.
William Coen
Deputy Secretary-General
Basel Committee on Banking Supervision
Mr. Coen is the Deputy Secretary General of the Basel Committee on Banking Supervision,
the international group of central bankers and banking supervisors responsible for setting
global banking standards.
He manages the daily activities and workstreams of the Basel Committee and its Secretariat.
The specific focus of his responsibilities relates to the Basel Committee’s response to the
financial crisis, including the coordination of the Committee’s various Basel III initiatives.
Bill joined the Basel Committee’s Secretariat in 1999 when he was part of the core team
responsible for developing the Basel II framework. Prior to joining the Secretariat, he worked
for the Board of Governors of the Federal Reserve System in Washington DC. He had a
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variety of responsibilities during his career at the Federal Reserve, including banking policy,
supervision and licensing. Before joining the Federal Reserve, he was a bank examiner for
the US Office of the Comptroller of the Currency. Bill began his career as a credit officer of
a New York City-based bank where he served as an Assistant Vice President responsible for
consumer credit and retail mortgage lending.
Bill is a native of New York City and received his Master of Business Administration degree
from Fordham University (1991) and Bachelor of Science degree from Manhattan College
(1984). He resides in Basel with his wife and three daughters.
Julie Dickson
Superintendent
Office of the Superintendent of Financial Institutions Canada
Ms. Dickson was appointed Superintendent of Financial Institutions in July 2007, for a
seven-year term.
Ms. Dickson joined the Office of the Superintendent of Financial Institutions (OSFI) in April
1999, and was Assistant Superintendent, Regulation Sector, from January 2000 to June 2006,
when she was appointed Deputy Superintendent. In October 2006, she was appointed Acting
Superintendent.
Prior to joining OSFI, Ms. Dickson served in both the public and private sectors. In the
federal government, she served for 15 years with the Department of Finance, primarily in
areas related to financial institution policy. In the private sector, she served as Group Leader
of the Financial Institutions Practice for a national consulting firm from 1995 to 1998.
As Superintendent, Ms. Dickson serves on the Council of Governors of the Canadian Public
Accountability Board, the board of directors of the Canada Deposit Insurance Corporation,
and the board of directors of the Toronto Leadership Centre. She also represents OSFI on the
Financial Stability Board, and was a member of the Basel Committee on Banking
Supervision from 2002 to 2006.
Ms. Dickson, 54, has a Masters of Economics from Queen’s University and a Bachelor of
Arts (Honours Economics) from the University of New Brunswick.
Darrell Duffie
Dean Witter Distinguished Professor of Finance
Graduate School of Business, Stanford University
Professor Duffie is the Dean Witter Distinguished Professor of Finance at the Graduate
School of Business, Stanford University. He is a Fellow and Member of the Council of the
Econometric Society, a Research Fellow of the National Bureau of Economic Research, a
Fellow of the American Academy of Arts and Sciences, a member of the board of directors
of Moody’s Corporation since 2008, and the 2009 president of the American Finance
Association. Duffie's research focuses on valuation and risk in financial markets. His most
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recent books are How Big Banks Fail - And What to Do About It (2010) and Dark Markets
(2011), both published by Princeton University Press, and Measuring Corporate Default Risk
(2011, Oxford University Press). (See also Professor Duffie’s web page:
www.stanford.edu/~duffie/)
Mohamed El-Erian
Chief Executive Officer and Co-Chief Investment Officer
Pacific Investment Management Company
Dr. Mohamed A. El-Erian is CEO and co-CIO of PIMCO, the global investment
management firm with $1.8 trillion of assets under management. He re-joined PIMCO at the
end of 2007 after serving for two years as president and CEO of Harvard Management
Company, the entity that manages Harvard’s endowment and related accounts. Dr. El-Erian
also served as a member of the faculty of Harvard Business School. He first joined PIMCO
in 1999 and was a senior member of PIMCO's portfolio management and investment strategy
group.
Before coming to PIMCO, Dr. El-Erian was a managing director at Salomon Smith
Barney/Citigroup in London and before that, he spent 15 years at the International Monetary
Fund in Washington, D.C. Dr. El-Erian has published widely on international economic and
finance topics. His book, "When Markets Collide," was a New York Times and Wall Street
Journal bestseller, won the Financial Times/Goldman Sachs 2008 Business Book of the Year
and was named a book of the year by The Economist and one of the best business books of
all time by the Independent (UK). He was named to Foreign Policy’s list of “Top 100 Global
Thinkers” for 2009, 2010 and 2011. Dr. El-Erian has served on several boards and
committees, including the U.S. Treasury Borrowing Advisory Committee, the International
Center for Research on Women, the Peterson Institute for International Economics and the
IMF's Committee of Eminent Persons. He is currently a board member of the NBER, the
Carnegie Endowment for International Peace, and Cambridge in America. He holds a
master's degree and doctorate in economics from Oxford University and received his
undergraduate degree from Cambridge University
Douglas Elliott
Fellow, Economic Studies
The Brookings Institution
Mr. Elliott is Fellow, Economic Studies at the Brookings Institution where he principally
analyzes the financial sector and its regulation globally. He has been working as a consultant
with the IMF on a project to estimate the economic effects of current financial reform efforts
in Europe, Japan, and the United States. Prior to joining Brookings in January 2009, he spent
almost twenty years as a financial institutions investment banker in New York, primarily
with J.P. Morgan. During 2004-06, he founded and ran a think tank focused on the analysis
of the U.S. federal government’s lending and insurance activities. Mr. Elliott has an A.B.
from Harvard University and an M.A. from Duke University.
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Michaela Erbenová
Deputy Division Chief
Monetary and Capital Markets Department
International Monetary Fund
Ms. Erbenová is Deputy Division Chief in the Financial Crisis Preparedness and
Management Division of the Monetary and Capital Markets Department of the International
Monetary Fund. Her responsibilities include oversight of Fund programs, surveillance and
technical assistance in the areas of financial sector crisis management, regulation and
supervision as well as policy work on global regulatory reform, particularly in the area of
cross-border resolution of systemically important financial institutions.
Prior to joining the Fund, Ms. Erbenová held various public administration and managerial
positions in the Czech Republic, among others as Head of Investor Relations of Komerční
Banka, the country’s second largest bank, as Advisor to the Czech Prime Minister; as Chief
advisor to the Minister of Finance; and as member of the Government Steering Committee
for bank privatization. She served as a Board Member and Chief Executive Director of the
Czech National bank during 2000-06. In this capacity, she participated in setting the bank’s
monetary policy and was successively responsible for the oversight of the Financial Markets
and the Risk Management and Transactions Support Departments and of the Banking
Regulation and Supervision Departments. She represented the Czech Republic as a Member
of the Banking Supervision Committee and the International Relations Committee of the
European Central Bank and a Member of the Core Principles Liaison Group of the Basel
Committee on Banking Supervision.
After obtaining a MA in mathematical methods in economy at Moscow State University, Ms.
Erbenová obtained her Ph.D. in economics from Center for Economic Research and Graduate
Education of Charles University in Prague. She was a visiting doctoral student at Princeton
University and a visiting fellow and research assistant at the Harvard Institute for
International Development.
Luc Everaert
Assistant Director
Monetary and Capital Markets Department
International Monetary Fund
Luc Everaert is Assistant Director in the Monetary and Capital Markets Department, where
he is advisor on European issues and involved with financial sector assessment programs
(FSAPs). He joined the IMF in 1992 and worked on European transition economies during
the 1990s. Subsequently, he took on responsibilities for several advanced European
economies, regional studies on Europe, and the euro area. His writings have focused on
macro-financial links in the EU, competitiveness, external imbalances, and the impact and
coordination of structural reforms. Before joining the IMF he worked at the World Bank,
primarily on economic modeling. As postdoctoral fellow he taught macroeconomics at the
University of Chicago after completing a PhD in International Economics at the Graduate
Institute of International Studies in Geneva.
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Jonathan Fiechter
Special Advisor
Monetary and Capital Markets Department
International Monetary Fund
Mr. Fiechter is Special Advisor in the Monetary and Capital Markets Department (MCM) of
the International Monetary Fund. He joined the Fund in June 2003 as a Deputy Director to
head up MCM’s financial supervision and crisis management group where he was
responsible for developing Fund policies related to financial supervision and regulation,
deposit insurance, and crisis management. He was seconded to the U.S. Treasury during the
fall of 2008 to serve as Interim Chief Risk Officer of the Troubled Asset Relief Program.
Previously, Mr. Fiechter served as Senior Deputy Comptroller at the U.S. Office of the
Comptroller of the Currency (OCC). At the OCC, he was responsible for bank capital policy,
research and financial analysis, and the OCC’s international operations. He also participated
on the Basel Committee.
Mr. Fiechter came to the OCC from the World Bank where he was Director of the Financial
Sector Development Department and Chairman of the Financial Sector Board. He also served
as Director of Special Financial Operations, a department set up in response to the East Asian
financial crisis to provide policy advice and financial and technical assistance to Indonesia,
South Korea, and Thailand.
During 1992-96, Mr. Fiechter served as Acting Director of the U.S. Office of Thrift
Supervision (OTS), the federal agency created in 1989 to restructure the savings and loan
industry. He played a key role in the successful restructuring and financial recovery of the
thrift industry and gaining Congressional support for the recapitalization of the Savings
Association Insurance Fund. Mr. Fiechter has also served as a Director of the U.S. Federal
Deposit Insurance Corporation, Director of the Oversight Board of the Resolution Trust
Corporation, Director of the Neighborhood Reinvestment Corporation and Chairman of the
Federal Financial Institutions Examination Council.
Mr. Fiechter began his professional career in the Office of the Secretary of the U.S. Treasury
Department in 1971 as an international economist.
Amias Gerety
Deputy Assistant Secretary
U.S. Financial Stability Oversight Council
Mr. Gerety serves as Deputy Assistant Secretary for the U.S. Financial Stability Oversight
Council. He previously served as Senior Advisor to Michael Barr, the Assistant Secretary to
Financial Institutions. He joined the U.S. Treasury in January 2009 and has focused primarily
on financial regulatory reform.
Prior to joining the Treasury, Mr. Gerety was a management consultant at Oliver Wyman. He
has also worked for the domestic policy staff of John Kerry’s Presidential campaign and for
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the Center for American Progress, where he worked with National Economic Advisor Gene
Sperling.
Michael S. Gibson
Director of the Division of Banking Supervision and Regulation
Federal Reserve Board.
Mr. Gibson formerly served as deputy director in the Division of Research and Statistics at
the Board of Governors of the Federal Reserve System, where he was responsible for
overseeing the division’s financial functions. He has worked on research and policy issues
related to financial stability, financial markets and derivatives. He has authored articles on
value at risk, stress testing, and credit derivatives. He served on the faculty of the University
of Chicago’s Graduate School of Business for two years and as a visiting lecturer at
Princeton University. He has a Ph.D. in economics from the Massachusetts Institute of
Technology and a B.A. in economics from Stanford University.
Mario Guadamillas
Manager
Financial Architecture and Banking Systems
Financial and Private Sector Development
The World Bank
Mario Guadamillas has worked for The World Bank since 1998. Mario is currently the
World Bank (WB) manager of the Financial Architecture and Banking Systems Service Line
that coordinates the joint IMF-WB Financial Sector Assessment Program (FSAP), WB
participation in the Financial Stability Board (FSB) and provides assistance to countries in
the banking regulation and supervisory area. Previously, he was a Senior Financial
Economist for Latin America and the Caribbean, leading WB operational work. Mario has
numerous publications on financial sector issues, notably on financial infrastructure.
Before joining the WB, Mario was an Economist in the Ministry of Finance of Spain at the
Research Department. He also worked for the Central Bank of Spain as an economic and
financial analyst.
He has lectured at the Universidad Autónoma, Universidad San Pablo CEU, Universidad
Alfonso X, Universidad Europea de Estudios Superiores and Universidad Nacional de
Educación a Distancia, all in Madrid, in the areas of macroeconomy, economic policy,
international economy and financial system.
Mr. Guadamillas earned his M.A. and Ph.D. degrees in Business and Economics respectively
at the Universidad Complutense and Universidad Nacional de Educación a Distancia in
Madrid.
Mr. Ryozo Himino
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Deputy Commissioner for International Affairs, Financial Services Agency, Japan,
Chairman, Standard Implementation Group, Basel Committee on Banking Supervision
(BCBS).
From 2003 to 2006, Mr. Himino was Secretary General of the BCBS and helped the
Committee finalize the Basel II capital adequacy standard in 2004. Mr. Himino graduated
from the University of Tokyo (LL.B.) in 1983 and from the Harvard Business School (MBA)
in 1987. His publications include “A counter-cyclical Basel II” (Risk, March 2009),
“Rethinking banking supervision” (Risk, March 2012), Aristide Maillol (in Japanese, 2001)
and Introduction to I Ching (in Japanese, 2011).
Jack P. Jennings, II
Senior Associate Director
Board of Governors of the Federal Reserve System
Division of Banking Supervision and Regulation
In September 2010, Mr. Jennings was named Senior Associate Director with responsibility
for the U.S. Federal Reserve Board's Supervisory Oversight Group. In that capacity, he is the
senior officer responsible for oversight of the Federal Reserve's supervision programs for
four institutional portfolios (Large, Regional, Community, and Foreign Banking
Organizations) and the Board's Risk Identification and Surveillance Groups. He is also
responsible for international training and technical assistance.
Mr. Jennings began his career as a commercial bank field examiner with the Federal Reserve
Bank of Richmond in 1977, and has been with the Board of Governors for more than 20
years. Significant career assignments have included responsibility for the Division’s regional
and community banking programs, system-wide surveillance program, information
technology management, and the foreign bank supervision group.
Mr. Jennings has a B.A. degree in economics from the University of Virginia.
Steven Kamin
Director, Division of International Finance
Board of Governors of the Federal Reserve System
Mr. Kamin joined the U.S. Federal Reserve Board in 1987 and was appointed to the official
staff in 1999. He has also served as a visiting economist at the Bank for International
Settlements, a senior economist for international financial affairs at the Council of Economic
Advisers, and as a consultant for the World Bank. Mr. Kamin holds a bachelor's degree from
the University of California at Berkeley and received a Ph.D. in economics from the
Massachusetts Institute of Technology.
Dr. Yoshihiro Kawai
Secretary General
International Association of Insurance Supervisors
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Dr. Kawai has held the position of Secretary General of the International Association of
Insurance Supervisors (IAIS) since 2003. He joined the IAIS in 1998 as Deputy Secretary
General and has been instrumental in the fast and dynamic growth of the Association. Dr
Kawai’s professional career began with Tokio Marine and Fire Insurance Co and the
Ministry of Labour, Tokyo. He later served on the Secretariat for the OECD Insurance
Committee in Paris for 4 years. From 1995 until 1998, he acted as Advisor to the Minister of
Finance and the President of the Insurance Supervisory Authority in Warsaw.
Dr Kawai earned his Ph.D. in 2000 from City University, London, with his thesis on The
reform of insurance supervisory systems for economies in transition. His Ph.D. was preceded
by a BA in Education and Sociology from the University of Tokyo and a MBA with a
specialisation in Economics and Finance from INSEAD. As part of his IAIS duties, Dr
Kawai is also an active member of the Financial Stability Board and the Joint Forum.
Philipp Keller
Partner and Head of Financial Risk Management
Deloitte
Mr. Keller runs Deloitte’s Financial Risk Management practice in Zurich since 2009.
Before joining Deloitte, Philipp was responsible for the development and implementation of
the Swiss Solvency Test (SST), a Solvency II compatible risk-based regulatory framework
that has been in force in Switzerland since 2006. Philipp was in the Board of Directors of the
Swiss insurance regulator. Prior to his role as a SST leader at FOPI, Philipp was a risk
manager at Andersen and Ernst & Young. He started his industry career at Swiss Re.
He is a member of the IAA Insurance Regulation Committee, and vice-chair of the IAA
Solvency Subcommittee, a member of the board of the Swiss Actuarial Association, a
member of the Groupe Consultatif Market Consistency Task Force and a Capital and
Financial Market Expert for the IMF.
Philipp has a PhD in mathematics from the Swiss Federal Institute of Technology Zurich.
A. Joanne Kellermann
Executive Director
De Nederlandsche Bank
Ms. Kellermann has been an Executive Director of De Nederlandsche Bank (DNB) since
November 2007. Her responsibilities include Pension Supervision, Insurance Supervision
and Enforcement. In 2005, Ms. Kellermann joined DNB as its General Counsel and director
of the Legal Services division.
Ms. Kellermann is member of the Board of Supervisors of the European Insurance and
Occupational Pensions Authority.
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From 1992 until 2005, Ms. Kellermann was a partner in the law firm NautaDutilh. For four
years, she headed the firm’s financial practice in London.
Ms. Kellermann completed her study of the Netherlands’ civil and international law at
Leiden University in 1984 and was sworn in as a lawyer in Amsterdam that same year.
Currently she chairs the Financial Expertise Center, in which all Netherlands agencies
involved in fighting financial crimes participate. She is a member of the Board of the
Netherlands Opera and the Van Gogh Museum.
Michael Krimminger
Partner
Cleary Gottlieb Steen & Hamilton
Mr. Krimminger is a partner with Cleary Gottlieb Steen & Hamilton practicing in the firm’s
Financial Institutions Group. He stepped down on May 25th as General Counsel for the U.S.
Federal Deposit Insurance Corporation after a 21 year career with the agency. Prior to
becoming General Counsel in 2010, he was Deputy to the Chairman for Policy, serving as
the Chairman’s advisor throughout the financial crisis and directing policy initiatives on a
wide variety of banking and financial institution crisis and resolution, mortgage finance,
international coordination, capital markets, and legal issues. While with the FDIC, he cochaired the Basel Committee on Banking Supervision’s Cross Border Resolutions Working
Group, which completed an analysis of the evolution of legal approaches during the crisis
and necessary legal reforms. He also served on several working groups of the Financial
Stability Board, including its Resolution Steering Group which recently issued the Key
Attributes for Effective Resolution Regimes for Financial Institutions. He also chaired the
Basel Committee’s working group that developed Core Principles for Effective Deposit
Insurance Systems along with the International Association of Deposit Insurers.
Mr. Krimminger is a graduate of the University of North Carolina and received his J.D., with
Distinction, from the Duke University School of Law. Mr. Krimminger has published widely
in the areas of financial sector, banking and insolvency issues.
Sabine Lautenschläger
Deputy President
Deutsche Bundesbank
Ms. Lautenschläger is Deputy President of the Deutsche Bundesbank and the President’s
Alternate in the Governing Council of the European Central Bank. She is responsible for the
Banking and Financial Supervision Department. Due to her duties Ms. Lautenschläger is also
a member of the Basel Committee on Banking Supervision (BCBS) and Co-chair of the Core
Principles Group of the BCBS. Prior to joining the Bundesbank in June 2011, Ms.
Lautenschläger was Chief Executive Director of Banking Supervision and a member of the
Executive Board of the Federal Financial Supervisory Authority (BaFin).
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Ms. Lautenschläger holds a degree in law from the Rheinische Friedrich-Wilhelms
University, Bonn.
Jeffrey C. Marquardt
Deputy Director
Federal Reserve Board
Jeff Marquardt is a Deputy Director in the Federal Reserve Board’s Division of Reserve
Bank Operations and Payment Systems. He has responsibility for the Division’s programs
involving the supervision and oversight of the Reserve Banks’ provision of financial services
as well as programs involving payments system risk. Mr. Marquardt co-leads the Federal
Reserve’s program for the supervision of financial market infrastructures. He also has
responsibility for the Division’s economic research program.
Mr. Marquardt has participated in a wide range of international central bank activities and
studies relating to payment and settlement issues, including the work of the BIS Committee
on Payment and Settlement Systems. Most recently Mr. Marquardt participated in drafting
the CPSS-IOSCO Principles for financial market infrastructures. Mr. Marquardt has worked
at the Federal Reserve Board since 1981. He holds a PhD. in economics and a JD in law
from the University of Wisconsin.
Jose De Luna-Martinez
Senior Financial Economist
Financial and Private Sector Vice-Presidency
The World Bank Group
Mr. De Luna-Martinez is a Senior Financial Economist at the Financial and Private Sector
Vice Presidency of the World Bank. Mr. de Luna joined the World Bank in 1998. Since then,
he has worked in various countries in East Asia, Latin America, Europe and Africa,
providing technical advice in the areas of systemic financial crises, bank regulation and
supervision, workers' remittances, and SME finance. In 2002 and 2003, he represented the
World Bank in various task forces of the Basel Committee on Banking Supervision and
served as Secretary of the Global Bank Insolvency Initiative, an initiative led by the IMF and
the World Bank to formulate best practices for dealing with bank insolvency. From 2007 to
2010, Mr. de Luna took leave from the Bank and served as Executive Director for Business
Development and Market Intelligence at Financiera Rural of Mexico. Early in his career, Mr.
de Luna worked at the Banking and Securities Commission of Mexico in various capacities.
Mr. de Luna holds a Ph.D. in Political Economy from the Free University of Berlin and is
author of several publications on international finance.
Sylvie Matherat
Deputy Director General
Directorate General Operations
Banque de France
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Ms. Matherat is Deputy Director General in the Banque de France’s Directorate General
Operations, and is in charge of financial stability, payment and settlement systems,
infrastructures and banking services.
Ms. Matherat is a member of the Basel Committee and the chair of its Accounting Task
Force. She is also a member of the BIS Committee on Payment and Settlement Systems
(CPSS) and of the ECB Payment and Settlement Systems Committee (PSSC). She is a
member of the Financial Stability Committee of the European System of Central Banks and
of a number of FSB working groups. She has been Deputy Director and then Director of
Research and Policy for the French Prudential Authority especially in charge of Basel 2
implementation and IFRS application. In October 2007, she joined the Banque de France to
head up the Directorate of Financial Stability and has been appointed as Deputy Director
General of Operations in January 2011.
Mahmoud Mohieldin
Managing Director
World Bank
Mr. Mohieldin is one of the three World Bank Managing Directors. Appointed in October
2010, Mr. Mohieldin is leading the Bank’s knowledge development as represented through
the Networks: Finance and Private Sector Development, Sustainable Development, Poverty
Reduction and Economic Management, and Human Development; and the World Bank
Institute. He also has a key leadership role in the Arab World Initiative.
Prior to joining the World Bank, he held numerous positions in the Government of Egypt,
academia and served on several Boards of Directors in the private sector. From 2005-2010,
he was a member of the Commission on Growth and Development as well as a Young Global
Leader in the 2005 World Economic Forum.
His professional reach extends into the academic arena, serving as Member of the Board of
Trustees of the British University in Cairo, as well as member of the Boards of the Arab
Society for Economic Research, Benha University, and the Center of European Studies at
Cairo University. Prior to the World Bank, Mr. Mohieldin was Professor in Financial
Economics in Cairo University, and Senior Associate of the Economic Research Forum of
the Arab Countries, Iran and Turkey. In 1995, Mr. Mohieldin received his Ph.D. in
Economics from the University of Warwick, England.
Aditya Narain
Division Chief
Monetary and Capital Markets Department
International Monetary Fund
Mr. Narain heads the Financial Supervision and Regulation Division in the IMF’s Monetary
and Capital Markets Department.
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Richard A. Naylor, II
Deputy Associate Director
Board of Governors of the Federal Reserve System
Division of Banking Supervision and Regulation
Mr. Naylor is the U.S. Federal Reserve Board’s Deputy Associate Director for Large Bank
Supervision, Foreign Bank Supervision, and International Training. Mr. Naylor assumed his
current role in May 2012. Previously, he had responsibility for a group of analysts focused
on a portfolio of the largest and most complex financial institutions in the United States. Mr.
Naylor also serves on the FSB’s Supervisory Intensity and Effectiveness workgroup and on
the Basel Committee’s Task Force on Colleges.
Mr. Naylor began his career at the Federal Reserve Board in 1989 in the Bank Applications
section. After passage of the Foreign Bank Supervision Enhancement Act in 1992, he joined
the Foreign Bank Supervision section where had an active role in the development of the
FBO Supervision Program. From 2004 to 2007 he served as Director for International
Supervision and Analysis at the Federal Reserve Bank of San Francisco.
Richard received an MBA from the University of Michigan and a Bachelor’s degree in
finance from Georgetown University.
Michel Noel
Manager, Non-Bank Financial Institutions, Capital Markets Practice
Financial and Private Sector Development
World Bank
Michel Noel is Manager of the Non-Bank Financial Institutions Service Line in the Capital
Markets Global Practice, Financial and Private Sector Development Vice-Presidency of the
World Bank. Prior to this, Michel served in various positions in the Europe and Central Asia
Region and most recently as Lead Financial Specialist in the Finance and Private Sector
Development Department of the Africa Region of the Bank. He has published widely in the
area of financial sector development with a special focus on non-bank financial institutions
and municipal finance.
Helen Rowell
Executive General Manager, Supervisory Support Division
Australian Prudential Regulation Authority (ARPA)
Ms. Rowell was appointed Executive General Manager of APRA’s Supervisory Support
Division in December 2011. In this role, Helen has responsibility for a number of teams that
provide specialist expertise to assist APRA in assessing risks in regulated industries and with
the prudential supervision of individual entities, provide advice on the development and
implementation of prudential regulation policy and take enforcement action, when necessary,
against regulated and unregulated entities and individuals.
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Helen was previously the General Manager, Policy Development, with responsibility for
oversight of all of APRA’s policy development activities. She has also previously held roles
as General Manager, Diversified Institutions Division; General Manager, Industry Technical
Services; and General Manager, Specialist Risk Services.
Helen chaired APRA’s internal general insurance industry committee from 2006 to 2011 and
has represented APRA at the International Association of Insurance Supervisors (IAIS) and
on Joint Forum Working Groups, including the current Working Group on the Review of the
Principles for the Supervision of Financial Conglomerates.
Prior to joining APRA in April 2002 Helen was a partner at Towers Perrin. She is a Fellow
and past President of the Institute of Actuaries of Australia (IAAust) and has previously been
actively involved in various committees of the International Actuarial Association (IAA).
Teresa A. Rutledge
Director for International Banking Supervision
Office of the Comptroller of the Currency (OCC)
Ms. Rutledge is the Director for International Banking Supervision (IBS) at the U.S. Office
of the Comptroller of the Currency (OCC). She is responsible for overseeing key
international supervisory activities of the OCC. She serves as the primary point of contact for
international banking supervisors, including for bilateral meetings, information sharing
requests, the OCC’s foreign technical assistance program and the OCC’s participation in the
Joint Forum. Ms. Rutledge represents the OCC on the Joint Forum and is co-chair of the
Working Group on the Principles for the Supervision of Financial Conglomerates.
Before her appointment as Director for IBS, Ms. Rutledge served for 10 years as Senior
International Advisor. Other previous positions at the OCC include examining both large and
community banks, as well as working with troubled banks. Ms. Rutledge has earned the
OCC’s accreditation of National Bank Examiner, along with the accreditation of National
Trust Examiner. Also, Ms. Rutledge has earned the Chartered Financial Analyst (CFA)
designation. She has been with the OCC since 1980 and is a graduate of the University of
Missouri.
Andreas Schönenberger
Principal Expert
Payments and Market Infrastructure Division
European Central Bank
Mr. Schönenberger joined the European Central Bank (ECB) in 2000. He advises the
Director General in charge of payment systems and market infrastructures on a wide range of
issues including oversight and financial stability, financial market integration, central
counterparty clearing, and collateral policy. He has represented the ECB in many European
and international groups currently including the CPSS-IOSCO Editorial Team on the PFMIs,
the Financial Stability Board’s OTC derivatives working group, and the BCBS-IOSCO
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working group on margin requirements for non-centrally cleared OTC derivatives. He holds
a Ph.D. from Hamburg University and an M. Phil degree from Cambridge University.
Carlos Serrano
Vice President, Regulatory Policy
Mexican Banking and Securities Commission (CNBV)
Mr. Serrano is Executive Vice President for Regulatory Policy at the Mexican Banking
and Securities Commission (CNBV). In this capacity, he is responsible for formulating
regulation for banks, broker-dealers, mutual funds, rating agencies, and securities
markets, among others. He represents Mexico before the Basel Committee for Banking
Supervision and the IOSCO Committee for Securities Regulators. He is also responsible
for the economic research area within the Commission.
Before joining CNBV, Serrano was CEO for Mexico at Ambac Assurance Corporation in
New York. In that position he developed the company´s business in Mexico and
completed transactions in the infrastructure and mortgage areas. Prior to that, he was
Executive Vice-President of Credit and Guarantees at Sociedad Hipotecaria Federal, a
government-owned financial institution with the mandate to foster the development of
primary and secondary markets for mortgages. At SHF, he was responsible for the credit
policies of the institution and of developing financial guarantee and mortgage insurance
products. He has also worked at the World Bank and the International Monetary Fund.
He obtained a Ph.D. in Economics at the University of California at Berkeley, and a B.A.
in Economics at Mexico´s Autonomous Institute of Technology (ITAM). He has taught
courses in Advanced Macroeconomics and Finance at ITAM, both at the undergraduate
and graduate levels. In 1999 he obtained the first prize in the National Prize for Economic
Research awarded annually by Banamex.
Luigi Federico Signorini
Managing Director, Banking and Financial Supervision
Banca d’Italia
Mr. Signorini is the Managing Director for Banking and Financial Supervision of the Banca d’Italia.
He is also a member of the Basel Committee on Banking Supervision and of the Advisory Technical
Committee of the European Systemic Risk Board. Prior to being appointed Managing Director for
Banking and Financial Supervision in 2012, Mr. Signorini was first head of the Supervisory
Regulations and Policies Department (August 2008-February 2009) and then head of the Banking
Groups Supervision Department of the Banca d’Italia (February 2009-March 2012).
He has written a number of articles on the structure of the Italian economy, on economic
analysis and economic statistics methodology, as well as a non-technical book on the Italian
economy with Ignazio Visco. He has also edited two volumes of studies on industrial
districts, one of them jointly with Massimo Omiccioli.
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Francisco José Barbosa da Silveira
Head, Supervision Division
Central Bank of Brazil
Mr. Barbosa da Silveira is the Head of the Supervision Division in the Central Bank of Brazil
where he is in charge of monitoring vulnerable institutions, standardizing supervisory
procedures, and preparing special studies. He represented the Central Bank of Brazil in the
Cross-Border Bank Resolution Group of BCBS and has been involved in other international
initiatives in the areas of regulation and supervision. Previously he has worked as an auditor
at Price Waterhouse Coopers and taught courses at FACEP University Brazil.
Tajinder Singh
Deputy Secretary General
International Organization of Securities Commissions
Mr. Singh is currently Deputy Secretary General of the International Organization of
Securities Commissions (IOSCO). He was previously Head of International Affairs &
Human Resource Development and Executive Assistant to the Chairman in the Securities and
Exchange Board of India (SEBI).
Mr. Singh comes from the Indian Administrative Service and has held various positions in
the Ministry of Finance in the Government of India, as well as handling a number of
assignments for the government in the financial and other sectors. He has over 20 years of
experience at senior leadership positions in different organizations dealing with strategic
issues in regulation, finance and administration, and significant domestic and international
experience dealing with Government and regulators.
Mr. Singh was Vice-Chairman of the Implementation Task Force of IOSCO, and played a
key role in organizing the IOSCO Annual Conference in Mumbai in 2007.
Mr. Singh holds a Masters Degree in Systems Science and Automation from the Indian
Institute of Science (IISc), Bangalore, and graduated in Electrical and Electronics
Engineering from the Indian Institute of Technology (IIT), Kanpur.
The Deputy Secretary General’s duties include providing strategic advice; implementing
aspects of IOSCO’s Strategic Direction; managing relations with IOSCO’s membership and
being responsible for the administrative functioning of the Secretariat.
Bryan Stirewalt
Managing Director
Supervision Division
Dubai Financial Services Authority
Mr. Stirewalt has been with the Dubai Financial Services Authority (DFSA) since 2008, and
now holds the position of Managing Director of its Supervision Division, which has frontline oversight responsibility for a variety of financial service providers, including commercial
banks, investment banks, reinsurance companies, fund managers and fund administrators.
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Additionally, Bryan oversees the DFSA's regulatory role with various ancillary service
providers such as lawyers, accountants and auditors.
As Managing Director, Bryan continues to be active in the DFSA’s efforts to fight methods
of illicit finance, including co-operation with a variety of local, regional and international
counterparts. He is a member of the Basel Consultative Group, which provides feedback to,
and receives feedback from, the Basel Committee on Banking Supervision (BCBS). Bryan is
also a member of the BCBS’s Core Principles Working Group, which is currently revising
the Core Principles for Effective Banking Supervision.
Bryan has spent most of his working life in the financial regulatory sphere, in both the public
and private sectors and has significant experience in both the developed and developing
world. Bryan worked for the U.S. Office of the Comptroller of the Currency as a National
Bank Examiner during 1985-96, where he specialized in policy development and
implementation, problem bank rehabilitation and banking fraud initiatives. During 19962008, Bryan worked for a U.S. consulting and advisory firm, where he focused on emerging
markets, managing large-scale and multi-faceted development projects in Poland, Ukraine,
Cyprus and Kazakhstan. These projects related to a wide array of topics including financial
sector development, risk management policies and practices, anti-money laundering systems
and controls, methods of supervising complex financial conglomerates and financial
inclusion (micro-finance).
Christopher Towe
Deputy Director
Monetary and Capital Markets Department
International Monetary Fund
Mr. Towe is presently Deputy Director of the IMF's Monetary and Capital Markets
Department, where, among other things, he manages the IMF's Financial Stability
Assessment Program (FSAP). His career at the Fund has spanned a broad range of duties but
he has most recently been involved in FSAP assessments of the U.S., Japan, and Turkey.
Prior to joining the Fund, he spent three years at the Bank of Canada and earned his doctorate
in economics from the University of Western Ontario.
T. Tunc Uyanik
Director
East Asia and Pacific Region & Financial Systems Global Practice
Financial and Private Sector Development
Mr. Uyanik was appointed Director, East Asia and Pacific Region & Financial Systems
Global Practice, Financial and Private Sector Development, in July 2011. Prior to his current
appointment, Dr. Uyanik was the Sector Manager for Financial and Private Sector
Development in the East Asia and Pacific Region since 2006. Prior to that, Dr. Uyanik was
Sector Manager, Financial and Private Sector Development in Europe and Central Asia
Region. He currently chairs the Islamic Finance Working Group of the World Bank. Dr.
Uyanik has led the financial sector and private sector development related policy dialogues
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with member governments. He has led various operations, including banking sector
restructuring, bank liquidation and privatization; bank restructuring, asset recovery,
management, and liquidation; capital market development; and lines of credit and guarantees.
In addition, he led the World Bank teams during the implementation of Financial Sector
Assessment Programs. Prior to joining the World Bank, Dr. Uyanik worked at managerial
and advisory positions in Turkish banks. He also taught at Hacettepe University in Turkey
as Associate Professor of Finance and Accounting.
José Viñals
Financial Counsellor and Director
Monetary and Capital Markets Department
International Monetary Fund
Mr. Viñals was appointed to the position of Financial Counsellor and Director of the
Monetary and Capital Markets Department of the International Monetary Fund on April 15,
2009. Prior to his appointment, Mr. Viñals was Deputy Governor at the Bank of Spain from
July 2006.
After joining the Bank of Spain in 1984, he held a number of senior positions and has served
on a range of advisory and policy committees at the central bank and within the European
Union, including as Chairman of the European Central Bank’s International Relations
Committee.
A former faculty member in the Economics Department at Stanford University, he holds a
master's degree in economics from the London School of Economics and a PhD in
economics from Harvard University. Mr. Viñals has published widely on macroeconomics,
monetary policy, and financial issues, and is a research fellow at the Centre for Economic
Policy Research.
René van Wyk
Registrar of Banks
South African reserve Bank
Mr. Van Wyk has been appointed Registrar of Banks at the South African Reserve Bank with
effect from 1 November 2011. He previously held the position of Executive Head of Risk at
Nedbank Capital. His responsibilities included credit risk management; market risk
monitoring; legal risk; financial modeling and management information; and new product
approval. Mr. Van Wyk held various senior positions for the Nedbank Group since 1993,
including Chief Executive Officer of Imperial Bank, a subsidiary of Nedbank. He
obtained his Chartered Accountant qualification, with a BCompt degree from the University
of Johannesburg and a BCompt Honours degree from the University of South Africa. He was
a partner in KPMG before joining Nedbank in 1993.
Cho Young-Je
Deputy Governor
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Financial Supervisory Service (FSS), Republic of Korea
Cho Young-Je is the Deputy Governor of the FSS is in charge of planning and management,
which encompasses organizational planning and general affairs, supervision coordination,
international cooperation, and macro-prudential supervision. Mr. Cho has spent most of his
professional career in banking and securities supervision (including the supervision of
financial conglomerates) at the FSS, and his past positions include, among others, the
Director General of the Bank Examination Department and the Director of the Foreign
Exchange Affairs Office.
Deputy Governor Cho holds a Bachelor of Law, a Master of Law, and a Ph. D. in Law from
Yonsei University.
Min Zhu
Deputy Managing Director
International Monetary Fund
Mr. Min Zhu assumed the position of Deputy Managing Director of the International
Monetary Fund on July 26, 2011. Previously he served as Special Advisor to the Managing
Director of the IMF from May 3, 2010 to July 25, 2011.
Mr. Zhu, a native of China, was a Deputy Governor of the People’s Bank of China, where he
was responsible for international affairs, policy research, and credit information. Prior to his
service at China’s central bank, he held various positions at the Bank of China where he
served as Group Executive Vice President, responsible for finance and treasury, risk
management, internal control, legal and compliance, and strategy and research. Mr. Zhu also
worked at the World Bank and taught economics at both Johns Hopkins University and
Fudan University.
Mr. Zhu received a Ph.D. and an M.A. in economics from Johns Hopkins University, an
M.P.A. from the Woodrow Wilson School of Public and International Affairs at Princeton
University, and a B.A. in economics from Fudan University.
Robert B. Zoellick
President
The World Bank Group
On July 1, 2007, Robert B. Zoellick became the 11th President of the World Bank Group,
which works with 187 member countries. Prior to joining the Bank, Mr. Zoellick served as
Vice Chairman, International of the Goldman Sachs Group, Managing Director, and
Chairman of Goldman Sachs' Board of International Advisors from 2006-07. Previously, Mr.
Zoellick served in various positions in the US government, including Deputy Secretary of the
U.S. State Department (2005-2006), 13th U.S. Trade Representative (2001-2005), and
Executive Vice President of Fannie Mae (1993-1997), among others.
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Mr. Zoellick graduated Phi Beta Kappa from Swarthmore College in 1975. He earned a J.D.
magna cum laude from the Harvard Law School and a MPP from the Kennedy School of
Government in 1981. He lived in Hong Kong on a fellowship in 1980.
Mr. Zoellick received a number of awards, including: the Knight Commanders Cross from
Germany for his work on unification; the Alexander Hamilton and Distinguished Service
Awards, the highest honors of the Departments of Treasury and State, respectively; the
Department of Defense Medal for Distinguished Public Service; and a Doctorate of Humane
Letters from St. Joseph’s College in Rensselaer, Indiana.
Mr. Zoellick has also served on many non-profit boards, among them the Council on Foreign
Relations, the European Institute, the American Council on Germany, the American Institute
of Contemporary German Studies, the German Marshall Fund of the U.S., the National
Bureau of Asian Research, the Overseas Development Council, and the Advisory Councils of
the World Wildlife Fund and the Institute of International Economics.
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