Washington, D.C., July 17, 2018 - The Institute of International Finance today released the following statement from IIF President and CEO Tim Adams after the U.S. Senate voted to confirm Randal K. Quarles to a new term on the Federal Reserve's Board of Governors, ending in 2032:
"I congratulate Randy Quarles on his confirmation, and am confident that his role will be vital as the Federal Reserve Board looks to normalize policy. I look forward to working together with Randy and his colleagues to ensure the financial system is safe, sound, and a driver for economic growth, job creation, and overall prosperity."
The Institute of International Finance is the global association of the financial industry, with close to 500 members from 70 countries. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. IIF members include commercial and investment banks, asset managers, insurance companies, sovereign wealth funds, hedge funds, central banks and development banks.'