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Trump’s Stances Weaken Support for U.S. Official to Lead Global Banking Body

By Tony Seruga

Randal Quarles had emerged as a front-runner to chair the Financial Stability Board, but some European officials cooled on the prospect after president’s postures at G-7, NATO conferences

JACKSON HOLE, Wyo.— President Trump’s antagonistic posture toward international institutions at foreign summits this summer soured some European officials on the candidacy of a top Federal Reserve official to helm an international regulatory body, according to people familiar with the matter.

Randal Quarles, the Fed’s vice chairman for bank supervision, had emerged as a front-runner this spring to chair the Financial Stability Board, a body formed in 2009 to monitor and advise governments on financial regulation, when the…

Trump’s Stances Weaken Support for U.S. Official to Lead Global Banking Body

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