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Press Release

Cleveland Federal Reserve Bank Appoints Simon Kwan as Group Vice President of Financial Stability Analytics and Research

Simon Kwan has been named group vice president of Financial Stability Analytics and Research at the Federal Reserve Bank of Cleveland, effective March 28, 2016.

Kwan will head a new function, leading a team of analysts, economists, and bank supervisors responsible for evaluating financial stability risks through applied quantitative analysis. This function will advance the development of tools and models useful in bank supervision, both locally and nationally, with a focus on identifying and monitoring areas of emerging systemic risk in the financial system and serving as a source of expertise for bank examiners and supervisors.

Kwan brings with him a wealth of expertise on issues pertaining to financial stability, macroprudential supervision, credit market conditions and risk, and bank regulation, expertise gained from experience within the Federal Reserve System, at the Sveriges Riksbank (the central bank of Sweden), and in academia.

Since 2015, Kwan has been on leave from the Federal Reserve Bank of San Francisco and is currently serving as head of the Applied Research and Modelling Division in the Financial Stability Department at the Sveriges Riksbank in Stockholm, Sweden. He joined the San Francisco Fed as an economist in 1995 and worked his way up the ranks to vice president, head of Financial Research, and, most recently, senior research advisor. As the head of Financial Research, Kwan served on several Federal Reserve committees, including the Large Institution Supervision Coordination Committee (LISCC) and the Comprehensive Capital Analysis and Review (CCAR) Executive Committee. In addition to his current role at Sveriges Riksbank, Kwan’s international experience includes serving as adviser to the Hong Kong Monetary Authority and as research fellow at the Hong Kong Institute for Monetary Research.

Kwan is an active economic researcher focusing on financial intermediation, prudential supervision of US banks, and financial modernization and regulation. He has published numerous articles in academic journals on a variety of financial topics including the 2007–2009 financial crisis. He has been a visitor at Goethe University Frankfurt am Main and has taught at the University of California, Berkeley and at the University of Arizona.

Kwan holds a PhD in finance from the University of North Carolina at Chapel Hill and both an MBA and a BBA in finance from the University of North Texas.

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Media contact

Doug Campbell,, 513.218.1892