Former Federal Reserve Governor Daniel Tarullo joins MIT Golub Center as distinguished fellow

CAMBRIDGE, Mass., April 19, 2017—The MIT Sloan School of Management announced that Daniel Tarullo, who recently resigned from the Board of Governors of the Federal Reserve System, will serve as a distinguished fellow at MIT’s Golub Center for Finance and Policy (GCFP). During his two-week appointment, Tarullo will deliver a talk to the MIT community on Wed. April 26 titled, “Rethinking financial regulation: How we got here and where we are going.”  Tarullo said, “I am delighted to be visiting MIT Sloan and look forward to discussing financial regulatory policy with the MIT community. As we look ahead, the contributions of outstanding academics will be crucial in evaluating the effectiveness and efficiency of current and proposed policies."

MIT Sloan Prof. Deborah Lucas, director of the GCFP, stated, “We’re very excited about the opportunity to have Dan here. His insights into regulatory policy, its legal foundations, and the workings of the Federal Reserve will be a tremendous resource for faculty members and students across the Institute."

She added, “Dan is the leading architect of many of the regulatory changes that were put into place after the financial crisis. His deep theoretical, legal and practical knowledge, together with his enthusiasm for engaging with academics on cutting-edge regulatory issues, will help spark new ideas at the Center as we map out our research agenda on financial regulation."

In addition to his talk to the broader MIT community, Tarullo plans several smaller discussions with MIT faculty and students. In particular, he plans to meet with faculty and PhD students about new research questions related to the institutions of financial regulation as well as hold a fireside chat with students.

Tarullo served as a member of the Board of Governors of the Federal Reserve System since 2009. Appointed to the Board by President Obama, he served as chairman of the Board’s Committee on Supervision and Regulation and was chairman of the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation.

Previously, Tarullo was a professor of law at Georgetown University Law Center, where he taught international financial regulation, international law, and banking law. He also held several senior positions in the Clinton administration and served on the staff of the late Senator Edward M. Kennedy.

In a press release from the Federal Reserve announcing his resignation, Chair Janet L. Yellen stated, “Dan led the Fed's work to craft a new framework for ensuring the safety and soundness of our financial system following the financial crisis and made invaluable contributions across the entire range of the Fed's responsibilities. My colleagues and I will truly miss his deep expertise, impeccable judgment, wise insight, and strategic counsel."

Members of the media are invited to his April 26 talk to the MIT community, but pre-registration is required. For more information or to register for the event, contact Deirdre Wade at deirdre@mit.edu.

About the MIT GCFP

The mission of the MIT GCFP is to serve as a catalyst for innovative, cross-disciplinary and nonpartisan research and educational initiatives that address the unique challenges facing governments in their role as financial institutions and as regulators of the financial system. The GCFP is managed by MIT Sloan’s Finance Group under the leadership of Prof. Deborah Lucas (director), Doug Criscritello (executive director); and codirectors Prof. Andrew Lo, Prof. Robert Merton, and Prof. Jonathan Parker. Research initiatives supported by the Center are organized into three main tracks: evaluation and management of government financial institutions; regulation of financial markets and institutions; and measurement and management of risk. Through its educational initiatives, the Center also seeks to provide greater access to the tools of modern financial analysis to current and future regulators, policymakers, and other public-sector stakeholders.

About the MIT Sloan School of Management

The MIT Sloan School of Management is where smart, independent leaders come together to solve problems, create new organizations, and improve the world. Learn more at mitsloan.mit.edu.