Small Is Beautiful – Regulatory Approaches for Non-Systemic Banks


Moderator: David Lipton


David Lipton assumed the position of First Deputy Managing Director of the International Monetary Fund on September 1, 2011. On March 28, 2016, he was reappointed for a second five-year term beginning September 1, 2016. Before coming to the Fund, Mr. Lipton was Special Assistant to the President, and served as Senior Director for International Economic Affairs at the National Economic Council and National Security Council at the White House. Previously, he was a Managing Director at Citi, and also served in the Clinton administration as Under Secretary of the Treasury for International Affairs — and before that as Assistant Secretary. Mr. Lipton earned a Ph.D. and M.A. from Harvard University in 1982 and a B.A. from Wesleyan University in 1975.

William Coen


As Secretary General, Mr. Coen directs the work of the Basel Committee on Banking Supervision, manages its Secretariat, and chairs the Basel Committee’s Policy Development Group and Coherence and Calibration Task Force. He chaired the Committee’s Corporate Governance Task Force and is a member of the IFRS Advisory Council. Bill previously served as Deputy Secretary General. His responsibilities focused on the Committee’s response to the global financial crisis, including the coordination of Basel III initiatives.

Bill joined the Secretariat in 1999 and had previously worked for the Board of Governors of the Federal Reserve System and the U.S. Office of the Comptroller of the Currency.

Nestor A. Espenilla, Jr.


Governor Nestor Espenilla, Jr. previously headed the Supervision and Examinationsector, which oversees the supervision of banks and other nonbank financialinstitutions under the jurisdiction of the Bangko Sentral ng Pilipinas (BSP). Mr.Espenilla, Jr. has been with BSP since 1981 working in Economic Research,International Operations, and in the Office of the Governor. He was seconded to theIMF in 1990–1992.

Governor Espenilla, Jr. earned a BS in business economics and an MBA from theUniversity of the Philippines, and an MS in policy science from the Graduate Institute of Policy Science (GRIPS) in Tokyo, Japan.

Michael Gibson


Michael Gibson is the Director of the Division of Banking Supervision and Regulation at the Federal Reserve Board since 2012. He represents the Federal Reserve on the BCBS and works closely with officials from other U.S. and international government agencies on bank oversight issues. He formerly served as deputy director in the Board’s Division of Research and Statistics, where he was responsible for overseeing the division’s financial functions. He has worked on research and policy issues related to financial stability, financial markets and derivatives. He has authored articles on value at risk, stress testing, and credit derivatives. He served on the faculty of the University of Chicago’s Graduate School of Business for two years and as a visiting lecturer at Princeton University. He has a Ph.D. in economics from the Massachusetts Institute of Technology and a B.A. in economics from Stanford University.

Ryozo Himino


Mr. Ryozo Himino is vice minister for international affairs of the Financial Services Agency (JFSA). He served as chairman of IOSCO’s Asia Pacific Regional Committee till July 2017 and as chairman of the IFRS Foundation Monitoring Board till February 2017. He is a member of the Financial Stability Board and its Steering Committee. From 2003 to 2006, he was Secretary General of the Basel Committee on Banking Supervision and helped the Committee finalize the Basel II framework. He was chairman of the Standard Implementation Group of the Basel Committee from 2011 to 2012 and had led the Committee’s efforts to design and launch a comprehensive Basel III implementation review program.

Sabine Lautenschläger


Sabine Lautenschläger was born in Stuttgart. During her career at the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) she held several management positions before being appointed BaFin’s Chief Executive Director of Banking Supervision in 2008. In 2011 she moved to the Deutsche Bundesbank, serving as Vice-President until January 2014 when she was appointed to the Executive Board of the European Central Bank. Since her appointment as Vice-Chair of the Supervisory Board of the Single Supervisory Mechanism (SSM) in February 2014, she has also been responsible for ECB Banking Supervision. She represents the SSM in the Basel Committee on Banking Supervision (BCBS) and the Financial Stability Board (FSB).

José María Roldán

José María

José María Roldán was appointed Vice President of the European Banking Federation in 2015.

He is Chairman and CEO of the Spanish Banking Association since 2014, after 13 years as Director-General at the Banking Regulation and Financial Stability department of the Bank of Spain. During his time as Director-General, Mr. Roldan chaired both the Standards Implementation Group and the Joint Forum of the Basel Committee on Banking Supervision.

Mr. Roldán was the first Chairman of the Committee of European Banking Supervisors, the forerunner of the European Banking Authority, after being President of the Financial Action Task Force on Money Laundering.

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