Daniel Tarullo joins Harvard Law faculty as the Nomura Professor of International Financial Regulatory Practice

Former governor of the Federal Reserve Board teaches federal legislation and regulation at HLS

Daniel Tarullo

Credit: U.S. Government

Daniel K. Tarullo, a specialist in international economic regulation, banking law, and international law, was appointed the Nomura Professor of International Financial Regulatory Practice in January.

“Dan Tarullo is one of the country’s leading thinkers on financial regulation and international economic policy,” said John F. Manning ’85, the Morgan and Helen Chu Dean of Harvard Law School. “In addition to his lengthy and impactful tenure as a governor on the Federal Reserve Board and as member of the Federal Open Market Committee, Dan brings to Harvard Law School a range of exceptional experience from key roles in the Justice Department, the Commerce Department, the White House, and the U.S. Senate. Dan has also shown himself to be a superb teacher and colleague!”

From January 2009 to 2017, Tarullo served as a member of the Federal Reserve Board and the Federal Open Market Committee. As oversight governor for supervision and regulation, Tarullo led the Federal Reserve Board’s financial regulatory reforms, including implementation of the Dodd-Frank Act, and revamped the Federal Reserve’s approach to the supervision of systemically important financial institutions. He was the Federal Reserve’s representative to the international Financial Stability Board, including serving four years as chair of its Committee on Supervision and Regulation.

From 2015 to 2017, he was also chair of the interagency Federal Financial Institutions Examination Council. In his monetary policy-making role on the Federal Open Market Committee, he focused on developments in labor markets and on the relationship between monetary policy and financial stability.

Before his appointment to the Board of Governors, Tarullo was professor of law at Georgetown University Law Center, where he taught courses in international financial regulation, international law, and banking law. Tarullo also previously taught at Harvard Law School, Princeton and the University of Basel, in Switzerland.

He is the author of “Banking on Basel: The Future of International Financial Regulation,” a book which warned of risks being created by the changes in financial regulation that were put in place in the decade preceding the 2007 subprime mortgage crisis in the United States.

From 1993 to 1998 he served, successively, as assistant secretary of state for economic and business affairs, deputy assistant to the president for economic policy, and assistant to the president for international economic policy. He was a principal on both the National Economic Council and the National Security Council. Tarullo was also President Bill Clinton’s personal representative to the G7 group of industrialized nations. Before joining the Clinton administration, he served as chief employment counsel on the staff of Sen. Edward M. Kennedy, and practiced law in Washington, D.C. He had previously worked in the Antitrust Division of the U.S. Department of Justice and as special assistant to the Undersecretary of Commerce.

He received an A.B. from Georgetown University in 1973 and an M.A. from Duke University in 1974. In 1977, Tarullo received his law degree from the University of Michigan Law School, where he served as article and book review editor of the Michigan Law Review.