Were bank holding companies able to comfortably weather the economic shock brought about by COVID-19? Was the existing regulatory framework adequate?.They were critical to administering the Paycheck Protection Program, the Federal Reserve’s 13(3) emergency lending facilities, and providing forbearance and other solutions on loans that helped millions of small businesses survive. economy throughout the economic shock brought about by COVID-19. business community and merit the Committee’s scrutiny.īanks played an important role in supporting the U.S. Raskin’s past actions and statements have raised concerns among the U.S. This position enforces and helps develop the regulations that are the bedrock of competitive financial markets. The Chamber urges the Committee to raise several important issues with Sarah Bloom Raskin when considering her nomination to serve as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System. She is married to Congressman Jamie Raskin (Harvard ’83, Harvard Law School ’87) and has three grown children.EU Expansion of Merger Control Regime Threatens Harm to Governments, Consumers, and Businessesĭear Chair Brown and Ranking Member Toomey:

Raskin received her BA in economics from Amherst, and she received her JD from Harvard Law School. She has received numerous honors and recognition for her public service. She is a CNBC regular commentator and her perspectives on the economy and finance can be heard frequently on TV, radio, and podcasts. Raskin chairs the board of directors of i(x) Investments, LLC, a social impact investing firm serves on the board of directors of the Vanguard Group Inc and the Vanguard Funds, and serves on the advisory board of the Student Borrower Protection Center. As commissioner, she galvanized her agency to mitigate the effects of the financial crisis on Maryland’s people and its community financial institutions.Īt Treasury, the Federal Reserve and in Maryland, Raskin infused her service with a strong public perspective, emphatically incorporating the values of strong consumer protection, broad economic justice, diversity and inclusion, and public service excellence. Raskin served as the Commissioner of Financial Regulation for the State of Maryland from 2007 to 2010. She infused her service with a strong public perspective, emphatically incorporating the values of strong consumer protection, broad economic justice, diversity and inclusion and public service excellence. At the Federal Reserve, she conducted the nation’s monetary policy as a member of the Federal Open Market Committee, regulated banks, monitored threats to the nation’s financial stability, and oversaw the nation’s payments systems. Prior to her service at Treasury, Raskin was a governor of the Federal Reserve Board from 2010 to 2014.

Her efforts, including leading the development of the G-7 Fundamental Elements of Cybersecurity for the Financial Sector, contributed to a more secure and resilient financial sector in the face of increasingly frequent and sophisticated threats. Within the United States and throughout the international community, Raskin was a champion of cybersecurity in the financial sector, helping to elevate this critical issue to C-suites and boardrooms.

Department of the Treasury, is a visiting professor of the practice of law, a distinguished fellow of Duke Law School’s Global Financial Markets Center, and a senior fellow of the Duke Center on Risk in August 2020 after serving as a Rubenstein Fellow at Duke University since 2018.Īs the second-in-command at Treasury, Raskin oversaw the various agencies of the entire Department and promoted innovative policy solutions to advance prosperity, fairness and resiliency throughout the American economy. She is the former deputy secretary of the U.S. Sarah Bloom Raskin ’83 was appointed to the Board of Trustees in 2017.

Sarah raskin