FOR IMMEDIATE RELEASE
Wednesday, October 2, 2019
Contact: press@bettermarkets.com or (202)618-6433
Washington, D.C. – Dennis M. Kelleher, President and CEO of Better Markets, announces that Tim P. Clark, a 23-year veteran of the Federal Reserve and former Deputy Director of the Division for Supervision and Regulation for the Federal Reserve Board, will serve as Distinguished Senior Banking Adviser for Better Markets:
“After 23 years in the Federal Reserve system, Tim Clark has a 360-degree view of banking, banking regulation and supervision, as well as the Dodd-Frank financial reform law, and we welcome him to the Better Markets team as our Distinguished Senior Banking Adviser. Tim’s background and experience are unique and will be uniquely valuable to promoting Better Markets’ mission of advocating for the public interest throughout the Washington economic and financial policymaking process,” said Dennis Kelleher, President and CEO of Better Markets.
“Better Markets is a thoughtful, substantive and effective leader on the economic and financial matters that are crucial to the American people. I’m excited to be serving as an adviser to support Better Markets in the fight for financial stability, investor and consumer protection, and further banking sector reforms,” said Tim P. Clark, Distinguished Senior Banking Adviser at Better Markets.
Summary Bio: Mr. Clark was one of the leaders implementing Dodd-Frank Act and other reforms at the Federal Reserve, ultimately as the former Deputy Director of the Division for Supervision and Regulation for the Federal Reserve Board. He was a chief architect of the Federal Reserves’ capital and liquidity stress tests. He also was Chairman of the Operating Committee of the Federal Reserves’ Large Institution Supervision Coordinating Committee (LISCC). The LISCC Operating Committee was created after the financial crisis to redesign, strengthen and oversee Federal Reserve supervision of the biggest systemically important banks.
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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies – including many in finance – to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.com.
