William Lang

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+1 212 542 6790 direct
New York

Previous Experience

  • Executive Vice President and Lending Officer, Federal Reserve Bank of Philadelphia
  • Acting Associate Director for Risk and Surveillance, Federal Reserve Board
  • Senior Vice President and Lending Officer, Federal Reserve Bank of Philadelphia
  • Senior Vice President and Chief Examinations Officer, Federal Reserve Bank of Philadelphia
  • Vice President for Retail Risk Analysis and Banking Surveillance, Federal Reserve Bank of Philadelphia
  • Director of Special Studies, Office of the Comptroller of the Currency
  • Assistant Professor of Economics, Rutgers University

Thought Leadership

  • Speech, “Risk Analysis of Consumer Credit: Some Lessons Learned from the Financial Crisis,” Regulating Consumer Credit Conference, Federal Reserve Bank of Philadelphia, April 30, 2015
  • Co-author, “Enhancing Prudential Standards in Financial Regulations,” Federal Reserve Bank of Philadelphia Working Paper #14-36, Dec. 3, 2014
  • Speech, “The New Normal in Banking,” 50th Annual Conference on Bank Structure and Competition, May 8, 2014
  • Speech, “The Role of Stress Testing in Supervision,” Enhancing Prudential Standards in Financial Regulation conference, Wharton Financial Institutions Center, Journal of Financial Research, and Federal Reserve Bank of Philadelphia, April 8, 2014
  • Co-author, “Foreclosure Delay and Consumer Credit Performance,” Federal Reserve Bank of Philadelphia Working Paper #14-8, March 9, 2014  
  • Speech, “The Federal Reserve’s Model Validation Program,” Federal Reserve Stress Testing Model Symposium, Sept. 14, 2012
  • Co-author, “The Mortgage and Financial Crises: The Role of Credit Risk Management and Corporate Governance,” Atlantic Economic Journal, Feb. 9, 2010
  • Co-author, “Competitive Effects of Basel II on U.S. Bank Credit Card Lending,” Journal of Financial Intermediation, Oct. 4, 2008

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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.

Experience

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.

Education

  • Ph.D., economics, Yale University
  • B.A., City College of New York


Affiliations, Awards, and Civic Engagements

  • Fellow, Wharton Financial Institutions Center
  • Lecturer, Wharton Executive Education


Representative Engagements


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