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Quarles' FSB appointment elicits criticism for hands-off regulatory approach

By Neil Roland ( July 9, 2025, 22:17 GMT | Comment) -- The Financial Stability Board’s appointment of Randal Quarles to review the status of post-2008 reforms has raised the hackles of a senior US Senate Democrat who said it could be “putting the international financial system at risk” and asked FSB Chair Andrew Bailey to reconsider Quarles’s appointment. The Financial Stability Board’s appointment of Randal Quarles to review the status of post-2008 reforms has raised the hackles of a senior US Senate Democrat. Quarles was the US Federal Reserve’s regulatory czar in the first Trump administration....

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