Stefan Gavell is Vice Chair of Executive Education at the Program on International Financial Systems. PIFS hosts international symposia, regulatory training programs, and special events that foster dialogue and promote education on international financial issues, as well as conducting research. Harvard Law School is a partner and supporter of PIFS symposiums and educational programs.
Prior to PIFS, Mr. Gavell was Executive Vice President and Global Head of Regulatory, Industry and Government Affairs at State Street Corporation, where he successfully advocated on legislative and regulatory issues in the areas of banking, securities, and asset management matters. Over a long career at State Street he also served in other senior executive roles, including as CFO, Treasurer and Head of International Global Markets, and internationally in Asia and Europe.
He holds a B.A. in Economics and Government from Oberlin College and an M.B.A. from Columbia University.
Articles by Stefan Gavell
Severe but plausible – or not?
In this paper, the authors apply a measure of statistical unusualness, called the Mahalanobis distance, to assess the plausibility of the scenarios used in the Federal Reserve's stress tests.