Phillip Basil was Director of Banking Policy for Better Markets where he covered all aspects of the banking sector. Specifically, he worked on economic and financial matters that are crucial to Main Street families, workers, investors, consumers and community banks, and that support financial and banking reforms to prevent crashes and bailouts.
Mr. Basil has more than 15 years of experience in both the public and private financial sectors, primarily focused on the trading and investment portfolios of large and complex banks.
Prior to joining Better Markets, Mr. Basil served as Executive Director within Model Risk for JP Morgan Chase where he managed a team that reviewed and identified risks within estimation methodologies related to income statement items, balance sheet items and risk metrics.
Most of his career has been with the Federal Reserve Board, starting in the Division of Research and statistics (R&S) and moving to the Division of Supervision and Regulation (S&R). During his time in S&R, he was responsible for developing and executing aspects of the supervisory stress test as well as portfolio-specific risk analytics and reports for the largest, most complex banking institutions. His time in R&S primarily involved working to develop a framework to assess the systemic impact and risks of mergers and acquisitions within the banking industry.
Mr. Basil holds a master’s degree in Financial Mathematics from the University of Chicago and a bachelor’s degree in Mathematical Economic Analysis from Rice University.See All Staff