Skip to main content

FDIC Names Stephen A. Quick Chief Risk Officer

Jul 08, 2011

Federal Deposit Insurance Corporation (FDIC) Chairman Sheila C. Bair, in her last day as chair of the FDIC, announced the appointment of Stephen A. Quick as the agency's first chief risk officer, effective Aug. 15, 2011. "I'm very pleased to have established the position of chief risk officer at the FDIC and to announce the selection of Stephen for the position," said Bair. "His depth of experience in both the finance and policy fields will benefit the FDIC as it formalizes and expands its corporate-wide risk management program." Since 2000, Quick has been director, Office of Evaluation and Oversight at the Inter-American Development Bank, a $100 billion multilateral finance institution. In his role as director, he was responsible for oversight of policies, systems, processes and institutional arrangements that affect the bank's ability to accomplish its mission. His principal focus was on the management and mitigation of operational, reputational, fiduciary and mission risks. From 1993-2000, Quick served as manager-strategic planning and budget at the Inter-American Development Bank. Prior to joining the Inter-American Development Bank, Quick spent eight years serving the Joint Economic Committee of Congress as its executive director. In this role, he was responsible for providing analytical and legislative advice to the Committee's Chairman and overseeing studies and reports on the full range of economic policy issues coming before Congress. He also previously served as chief economist to the House Committee on Banking, Finance and Urban Affairs.
About the author
Published
Jul 08, 2011
Fed Rate Could Be Down To 4.6% By Year's End

Inflation must hit its 2% goal for Fed to reduce rates.

New Compliance Requirements Add Challenges

Latest changes arrive at an already disruptive time in the mortgage industry

Changes Coming For Investment Properties

Using leases to qualify will require Proof

FCC Adopts New Rules To Close The 'Lead Generator Loophole'

Mortgage lead providers respond, saying this will "wipe out" several small and mid-tier businesses

Trade Associations & Lenders Stand Behind Trigger Leads Bill

Major trade associations like The MBA, NAMB, and BAC, urge action on S. 3502.

Supply And Demand Are Still Alive And Well

Treasury auctions may face weaker demand but they’re still getting done