 Its first chair was Sheila Bair, former Chair of the FDIC, and its members include Paul Volcker (former Chair of the Federal Reserve) and Jean-Claude Trichet (former President of the European Central Bank).Since Tucker became chair, the SRC has issued a statement to G20 Finance Ministers and Governors on financial reform and, among other things, has intervened on various US Treasury proposals to roll back financial regulation, and on the need for a policy on the resolution of clearing houses without taxpayer bail outs


Tucker has continued to speak and write about monetary policy and financial stability.His analysis of the lender of last resort function has been published by the Bank for International Settlements  and quoted extensively in a leading US textbook on the law of financial regulation.