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ARTICLE · 18 SEPTEMBER 2017

Senate Banking Committee Votes On Key Administration Nominees

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The U.S. Senate Banking committee voted to advance the nominees for two prominent banking regulatory positions.

United StatesFinance and Banking
Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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The U.S. Senate Banking committee voted to advance the nominees for two prominent banking regulatory positions. The two nominations will now proceed to the Senate floor for a confirmation vote.

Joseph Otting was approved to serve as Comptroller of the Currency. Mr. Otting most recently was managing partner of Ocean Blvd LLC and Lake Blvd LLC. He previously held positions as President and CEO of OneWest Bank and Vice Chair of U.S. Bancorp. Keith Noreika has served as Acting Comptroller of the Currency since Thomas J. Curry stepped down in May 2017 (see  previous coverage).

Randal Quarles was approved to serve as Vice Chair of the Board of Governors of the Federal Reserve System ("FRB"). Mr. Quarles had served as Under Secretary for Domestic Finance under President George W. Bush, Assisant Secretary of the Treasury for International Affairs and U.S. Executive Director of the International Monetary Fund. He is the founder and managing director of Cynosure, a private

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