What lessons might the
financial sector learn from Darwin's
theory of evolution? Charles Taylor, the Deputy Comptroller for Capital
and Regulatory Policy, Office of the Comptroller of the Currency, discusses the
Deputy Comptroller for Capital and Regulatory
Policy, Office of the Comptroller of the Currency.
Taylor became Deputy Comptroller for Capital and Regulatory Policy in September
2011 where he leads a team charged with implementing Basel III and related
aspects of the Dodd Frank Act. He represents the Office of Comptroller of the
Currency on the Basel Committee.
the past thirty years, he has held a number of national and international
positions dealing with public policy and private practice in the financial
services industry, including head of operational risk at the Risk Management Association where he helped launch
ORX, the operational data exchange for large internationally active banks, and
as Executive Director of the Group of Thirty, where he was instrumental in
their influential study on derivatives “Derivatives: Practices and Principles.”
Most recently, he was Director the Financial Reform Project at The Pew
Charitable Trusts where he led an effort in support of reform of the US financial
regulatory system that contributed to what eventually became the Dodd-Frank Act
of 2010. He is an innovative thinker as well as a regulatory practitioner and
has published widely, including papers on capital standards for banks, stress
testing and macro-prudential regulation.
Mr. Taylor grew up in London, moved to the United
States in the 1973 to work for the World Bank and became
citizen in 1984. He has degrees in mathematics and economics from Cambridge and Oxford in the
United Kingdom and an MBA
at the University of Pennsylvania in the United States. He is a fellow of
the FinancialInstitutionsCenter at the University of Pennsylvania.
He is married with three children and lives in WashingtonDC.