Robert L. Clarke Explained

Robert L. Clarke
President:Ronald W. Reagan
George H. W. Bush
Order:26th Comptroller of the Currency
Term:December 2, 1985 - February 29, 1992
Predecessor:C. T. Conover
Successor:Eugene Ludwig
Birth Date:1942 6, df=yes
Birth Place:Tulsa, Oklahoma
Nationality:American
Occupation:Attorney

Robert L. Clarke (born June 29, 1942) was Comptroller of the Currency of the United States[1] from 1985-1992. He was born in Tulsa, Oklahoma.[2]

Clarke, a Texas banking attorney at Bracewell LLP, was nominated by President Ronald Reagan and confirmed by the U.S. Senate. His tenure coincided with an era of extraordinary turbulence in financial institutions and the financial marketplace in the United States.

Under Clarke, the agency strengthened its managerial and supervisory capabilities to deal with changes and stresses in the national banking system. Clarke led the effort to expand the national bank powers to better meet the competition from non-bank providers of financial services. His leadership helped to reduce the costs of bank failures and to restore the safety and soundness of the national banking system.

Clarke was nominated to a second five-year term by President George H.W. Bush, but his nomination was blocked by the Senate Banking Committee in November 1991.[3] He remained in office until February 1992, when the office of Comptroller passed to a caretaker, his former deputy Steven R. Steinbrink.[4]

Clarke returned to Bracewell after his term as Comptroller. Since then, Clarke has also taken roles as a consultant to the World Bank and senior advisor to the National Bank of Poland.[5] Clarke was named to the board of the Dubai Financial Services Authority in 2008, where he is still an advisor.[6]

External links

Notes and References

  1. News: September 27, 1991 . Clarke's Tenure as Comptroller of the Currency Is Threatened . . August 4, 2011.
  2. Book: The Martindale-Hubbell Law Directory. 1998. Martindale-Hubbell Law Directory, Incorporated.
  3. News: Labaton . Stephen . 1991-11-07 . Comptroller Rejected for A 2d Term . en-US . The New York Times . 2023-06-12 . 0362-4331.
  4. News: Labaton . Stephen . 1992-04-24 . Comptroller Choice Appears Set . en-US . The New York Times . 2023-06-12 . 0362-4331.
  5. Web site: Robert Clarke, Global Financial Lawyer, Houston Attorney, Bracewell . 2024-05-03 . bracewell.com . en.
  6. Web site: Dubai . TenTwenty Webdesign, Webshops & E.-marketing . DFSA THE INDEPENDENT REGULATOR OF FINANCIAL SERVICES DFSA Chairman Announces Appointments to DFSA Board of Directors . 2024-05-03 . DFSA THE INDEPENDENT REGULATOR OF FINANCIAL SERVICES . en.