Former Director, Financial Stability Division
Board of Governors of the Federal Reserve System
Dr. Liang began her career at the Federal Reserve Board in 1986 when she joined the Division of Research and Statistics as an economist. In 2010, she was appointed director of the newly-created Office of Financial Stability Policy and Research, which became the Division of Financial Stability in 2016. During her tenure as director, Dr. Liang led the division's efforts to systematically assess risks to financial stability and to develop policy responses to mitigate those risks.
Dr. Liang was a key participant in crafting the Federal Reserve's response to the financial crisis and, in 2009, helped lead the Supervisory Capital Assessment Program, or bank stress tests, which helped increase public confidence in the banking system.
She has a Ph.D. in economics from the University of Maryland and an undergraduate degree in economics from the University of Notre Dame.
Dr. Liang’s full profile can be reached via this link.
Professor Paul Grout
Senior Advisor on Competition, Bank of England
Professor of Political Economy, University of Bristol
Paul Grout is Professor of Political Economy at the University of Bristol.
He is also a Non-Executive Director of Ofgem (the UK energy regulator), a member of Ofgem's Remuneration Committee and the Audit and Risk Assurance Committee, is the Senior Advisor on Competition at the Bank of England and a member of Ofcom's (the UK regulator of communication indistries) Academic Panel.
He was founding director of the Centre for Market and Public Organisation; was a member of the Executive Committee, Council and trustee of the Royal Economic Society; the inaugural Tinbergen Research Fellow at the Netherlands Bureau for Economic Policy Analysis, was on the Editorial Board of the Review for Economic Studies and director of the Review of Economic Studies Ltd for many years; and is a Research Fellow of CEPR.
He has advised many UK and international government departments and public bodies; has been advisor to the House of Lords Economic Affairs Committee; and a member of a CBI Taskforce. Recent keynote addresses include speeches at the World Bank; IESE (Barcelona); and European Commission’s EuroSocial Taxation Conference (Mexico).
Paul's main research interests are in public economics, law and economics, and finance and he has published extensively in these fields (e.g., in Econometrica, Review of Economic Studies, Journal of Financial Economics, Journal of Public Economics, American Bar Association).
Professor Grout’s full profile can be reached via this link.