As a Rubenstein Fellow, the Honorable Sarah Bloom Raskin will work closely with the Rethinking Regulation program at Duke’s Kenan Institute for Ethics and with the Global Financial Markets Center at Duke Law School to improve the public’s understanding of markets and regulation. In particular, she will lead a research agenda that seeks to shape a new relationship between regulation and resilience in financial markets; and she will explore opportunities to harness cyber-data and turn it into a public asset rather than a liability.
Ms. Raskin will also engage with students across campus by mentoring and advising students on careers in the public sector; guest lecturing in courses across the university; leading collaborative research projects; and participating in public events.
Sarah Bloom Raskin served as the former Deputy Secretary of the U.S. Department of the Treasury, a position for which she was confirmed by the United States Senate, from March of 2014 to January of 2017. As the second-in-command of the United States Treasury, Deputy Secretary Raskin oversaw the entire Treasury Department and its various agencies and departments. Deputy Secretary Raskin is known for her tireless pursuit of innovative solutions to enhance American’s shared prosperity, the resilience of our country’s critical financial infrastructure, and the defense of consumer safeguards in the financial marketplace.
Within the United States and throughout the international community, Deputy Secretary Raskin was a champion of cybersecurity in the financial sector, helping to elevate this critical issue to C-suites and boardrooms. Her efforts, including leading the development of the G-7 Fundamental Elements of Cybersecurity for the Financial Sector, contributed to a more secure and resilient financial sector in the face of increasingly frequent and sophisticated threats.
Immediately prior to her confirmation as Deputy Secretary, Ms. Raskin served as a Governor of the Federal Reserve Board where she helped conduct the nation’s monetary policy and promote financial stability. She was confirmed to the Federal Reserve by the United State Senate on September 30, 2010 and served until March 2014. Before joining the Federal Reserve Board, Ms. Raskin served as the Commissioner of Financial Regulation for the State of Maryland from 2007 to 2010. As Commissioner, she and her agency were responsible for regulating Maryland’s financial institutions, including all state-chartered depository institutions, banks, credit unions, mortgage lenders, mortgage servicers, and trust companies, among others.
Throughout her career, Ms. Raskin has worked across public and private sectors in both legal and regulatory capacities. Her work has centered on financial institutions, financial market utilities, consumer protection issues, bolstered prudential standards, and resolution planning. Ms. Raskin’s private sector experience includes having served as Managing Director at the Promontory Financial Group, General Counsel of the WorldWide Retail Exchange, and General Counsel of Columbia Energy Services Corporation. Earlier in her career she served as Banking Counsel for the United States Senate Committee on Banking, Housing, and Urban Affairs.
Ms. Raskin has been recognized by several organizations for her public service, and has engaged with the media and myriad audiences to discuss fiscal, economic and national security issues. She has spoken for organizations and events including the National Consumer Law Center, Women in Homeland Security, the New America Foundation, the Levy Economics Institute, the National Association of Business Economics, the Private Equity Growth Capital Council, the Ditchley Foundation, the Society of Government Economists, the Mid-Winter Housing Finance Conference, the National Community Reinvestment Coalition, NeighborWorks America, several community banking groups, and numerous institutions of higher learning, among many others. Ms. Raskin received her B.A. in economics from Amherst College, and she received her J.D. from Harvard Law School. She is married and has three children.