Susan Schmidt Bies resigns
Susan Schmidt Bies has resigned as a member of the Board of Governors of the Federal Reserve System
Susan Schmidt Bies submitted her resignation as a member of the Board of Governors of the Federal Reserve System, with effect from March 30.
Bies, who has been a member of the Board since December 7, 2001, submitted her resignation to President Bush, and plans to spend more time with her family. She does not plan to attend the March 20-21 meeting of the Federal Open Market Committee.
"Sue's invaluable contributions to both monetary and regulatory policy at the Federal Reserve have been aided by her unique perspective as both an economist and a banker," said Federal Reserve Board chairman Ben Bernanke. "Her leadership at the Board was most evident in guiding our efforts in banking policy and community affairs. I will miss her counsel, and wish her all the best in her new endeavours."
Bies, 59, was appointed by President Bush to a full term on the Federal Reserve Board ending January 31, 2012. During her time on the Board, she has served as chairman of the Committee on Supervisory and Regulatory Affairs; chairman of the Committee on Consumer and Community Affairs; and as a member of the Committee on Federal Reserve Bank Affairs. In addition, she represented the Federal Reserve in the Financial Stability Forum and led the Federal Reserve's efforts to modernize the Basel capital accord.
Before joining the Board, Bies served in various positions at First Tennessee National Corporation, and was a member of the Emerging Issues Task Force of the Financial Accounting Standards Board. Earlier in her career, she taught economics at Rhodes College and at Wayne State University, and served as an economist at the Federal Reserve Bank of St. Louis.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on People
People: Isda taps four new directors, O’Callaghan joins CA, Berlinski quits Goldman, and more
Latest job changes across the industry
People: Citi snags Raghavan, SocGen bags Estrada, all change at NYCB, and more
Latest job changes across the industry
Kane to leave Citadel Securities for senior Miax role
Options exchange has been on a four-year acquisition spree
Asia moves: senior hires at Millennium, Citi, SMBC and more
Latest job news from across the industry
Ken Pang set to join Millennium as Asia equities head
Former Credit Suisse markets co-head joins hedge fund’s Hong Kong office
People: Risk shake-up at Santander, JPM juggles markets, and more
Latest job changes across the industry
People: UBS rejigs EQD, risk head departs; Rustad joins buy side, and more
Latest job changes across the industry
Rustad re-emerges at Taula Capital
Former JP Morgan clearing head to help prepare for Q2 fund launch
Most read
- Industry urges focus on initial margin instead of intraday VM
- For a growing number of banks, synthetics are the real deal
- Did Fed’s stress capital buffer blunt CCAR?