By Lucian McMahon
“It’s a mistake to try and think of resilience from the point of view of trying to predict what can happen and then to respond to a predicted event, because you won’t know what’s going to happen,” said vice chairman for supervision and member of the Board of Governors, Federal Reserve System Randal K. Quarles at the Insurance Information Institute’s (I.I.I.) 2019 Joint Industry Forum. “The important thing is to ensure that you have measures in effect that promote resiliency no matter what might happen.”
Left to right: Sean Kevelighan and Randal Quarles
Resilience is more than prevention
In his conversation with the I.I.I. CEO Sean Kevelighan, Quarles stressed that financial stability depends...
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Federal Reserve’s Randal K. Quarles and the I.I.I.’s Sean Kevelighan talk resilience – financial and otherwise was originally posted by ClaimsMate.com Insurance Information Resources
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