Regulating Systemically Important Financial Firms
Daniel K. Tarullo, Federal Reserve Board
Peterson Institute for International Economics, Washington, DC
June 3, 2011
Federal Reserve Governor Daniel Tarullo presented his perspective on the upcoming international discussions on reform of financial regulation at a Peterson Institute event held June 3, 2011. Tarullo, who will be representing the United States in these talks, focused on the conceptual and practical issues surrounding these discussions. He also related the international conversation to the domestic requirements of the Dodd-Frank Act and addressed the topic of higher capital requirements for financial firms that have global systemic significance. He is the author of Banking on Basel: The Future of International Financial Regulation (PIIE, 2008).
Tarullo took office as a member of the Board of Governors of the Federal Reserve System on January 28, 2009. He had served previously in the Clinton administration as assistant secretary of state for economic and business affairs and assistant to the President for international economic policy, including as the President's personal representative to the G-7/G-8. Immediately prior to joining the Fed, he was professor of law at Georgetown University Law Center.