Background
Walsh, John was born on March 16, 1950 in Madison, Wisconsin, United States. Son of William P. and Margaret (Kalschear) Walsh.
economist international economist
Walsh, John was born on March 16, 1950 in Madison, Wisconsin, United States. Son of William P. and Margaret (Kalschear) Walsh.
Grambling College of Louisiana, University of Wisconsin-Madison and University of Wisconsin-Eau Claire (Bachelor of Arts, magna cum laude, 1972). University of Wisconsiir(Juris Doctor, 1975). St. Thomas Moore Society.
Editor, Note and Comment Editor, Wisconsin Law Review, 1975. Interim Law Clerk for the Honorable Robert W. Warren, United States. District Court, Eastern District of Wisconsin, 1975.
Member, Board of Directors, Wisconsin Law School Alumni Association, 1974-1977.
He ceased being interim Comptroller with the March 29, 2012 Senate confirmation of Thomas Curry to be Comptroller. He previously served as executive director of the Group of 30, a nonprofit consultative group that studies international economic and monetary affairs. He has served on the staff of the Senate Banking Committee from 1986 to 1992 and as an International Economist for the US Treasury Department from 1984 to 1986.
He has also been an International Program Analyst at the Office of Management and Budget, has worked with the Mutual Broadcasting System, and served in the U.S. Peace Corps in Ghana. The OCC's main tasks under Walsh's leadership have been:
Continued supervision of the national banking system as the country emerges from recession
Implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act's new requirements, including the transfer of the Office of Thrift Supervision's functions into the OCC
Completion of the Basel III capital accord
On June 21, 2011 Walsh spoke before the Centre for the Study of Financial Innovation in London, warning about the dangers of excessive financial regulation. He called it a "swinging pendulum problem" and expressed his view that "we are in danger of trying to squeeze too much risk and complexity out of banking as we institute reforms to address problems and abuses stemming from the last crisis".
The following day, three senators -- Jack Reed (D-RI), Carl Levin (D-MI), and Jeff Merkley (D-OR) -- called for a "fundamental rethink of the OCC's leadership" arguing that Walsh "is not interested in leading an agency charged with ensuring the safety and soundness of our financial institutions". On September 8, 2011 a Senate panel approved the nomination of Thomas Curry, who currently serves as a director of the Federal Deposit Insurance Corp., as Comptroller of the Currency. Curry must now be confirmed by the full Senate.
The Senate confirmed Curry on March 29, 2012, ending Walsh's tenure as interim Comptroller.
The OCC released a statement on June 23 suggesting the senators took Walsh's speech out of context and defending the Comptroller.
Member, Board of Directors, Wisconsin Law School Alumni Association, 1974-1977. Member: Dane County and American Bar Associations. State Bar of Wisconsin (Member: Board of Governors, 1981.
Executive Committee, 1983. Chairman of the Board, 1985-1986. President, 1987-1988).
American Academy of Trial Lawyers. The Association of Trial Lawyers of America. Wisconsin Trial Lawyers Association.
National Association of Criminal Defense Lawyers.
Married Kate Ann Bernard, April 19, 1980. Children: Sarah, Emily, Jack, Teddy.