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July 27, 2018

Francisco Covas

Francisco Covas

Senior Vice President, Head of Research

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Francisco Covas is currently Senior Vice President, Head of Research at the Bank Policy Institute. Prior to joining BPI, Mr. Covas served as Senior Vice President and Deputy Head of Research at the Clearing House Association, where he helped oversee research and analysis to support the advocacy of the Association on behalf of the owner banks. Prior to joining the Clearing House in 2016, Mr. Covas was an assistant director of the Division of Monetary Affairs at the Federal Reserve Board where he supervised a team focused on the effects of changes in bank regulation on monetary policy, on the role of banks in the transmission of monetary policy, and on the development and validation of stress testing models. Prior to that, he was an economist in the Division of Banking Supervision & Regulation and focused on a range of capital, liquidity and other regulatory initiatives. Mr. Covas earned a Ph.D. in economics from University of California, San Diego in 2004 and a B.A. from the Universidade Nova de Lisboa, Portugal in 1997. He has written extensively on liquidity rules, capital regulation and stress testing and has published research on a wide range of journals, including American Economic Review, Journal of Money Credit and Banking, International Journal of Forecasting, among other academic journals.

Articles Written by Francisco Covas

February 8

Regulators Warn Banks on Leveraged Loans, But Data Doesn’t Back Them Up

February 6

Federal Reserve’s Stress Scenario is Much More Severe Than the 2007-2009 Financial Crisis

January 24

CECL and Stress Tests: A Dangerous Mix

What Kevin Costner Can Teach Us About Bank Profits and Regulation

Suppose someone said to you, “Kevin Costner is such a great actor, he should be Secretary of Defense.” How would you respond? Would you fight the premise – what about… Continue Reading

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