Randal K Quarles: What happened? What have we learned from it? Lessons from COVID-19 stress on the financial system Speech (via webcast) by Mr Randal K Quarles, Vice Chairman for Supervision of the Board of Governors of the Federal Reserve System, at the Institute of International Finance, Washington DC, 15 October 2020.
* * * Thank you to the Institute of International Finance, for the opportunity to speak today. It has been eight months since COVID-19 appeared in the US and the attendant containment measures began to have severe effects on the U.S. economy and financial system (the “COVID event”).