Phillip Basil is the Director of Economic Growth and Financial Stability at Better Markets. Basil has more than 20 years of experience in both the public and private financial sectors, primarily focused on capital planning, risk management, and policy related to large U.S. banks.

Basil was most recently a Financial Institution Policy Specialist at the Federal Reserve Board and previously served as Executive Director within Model Risk for JP Morgan Chase. He also served as Better Markets’ Director of Banking Policy from 2021 to 2023.

Basil has spent most of his career 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. Most recently, Basil was a Financial Institution Policy Specialist within S&R, conducting forward-looking analysis around financial, macroeconomic, technological, and other trends to assess their potential implications for the Federal Reserve’s S&R policy frameworks. And from 2017 to 2021, Basil served as Executive Director within Model Risk for JP Morgan Chase where he managed a team that reviewed and identified risks within models related to the income statement, balance sheet, and risk metrics.

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.