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William Lang
Managing Director
Bill is an authority on financial risk management, quantitative analysis, and bank supervision and advises Promontory clients on stress testing, model validation, risk measurement, and capital planning.
He previously spent 13 years at the Federal Reserve Bank of Philadelphia, where he most recently led its supervision of banking organizations. Bill was a major contributor to the Federal Reserve Board’s Comprehensive Capital Analysis and Review and led the development and implementation of the review’s model-validation program. He also co-chaired the risk committee for systemically important banks, and created and led the Federal Reserve’s quantitative group responsible for stress-testing modeling and Basel II analysis of consumer credit. Before leading supervision, Bill was the Philadelphia Fed’s chief examinations officer. He earlier spent nine years at the Office of the Comptroller of the Currency, where he served as an economist. He was the OCC’s director of special studies, a unit that analyzed public-policy issues tied to new technology used in the banking industry.
- Ph.D., economics, Yale University
- B.A., City College of New York
- Fellow, Wharton Financial Institutions Center
- Lecturer, Wharton Executive Education