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Biography

Heath Price Tarbert (born July 15, 1976) is an American attorney who is President Donald Trump's nominee for Assistant Secretary of the Treasury for International Markets and Development.

Early life and education

Tarbert was born and raised in Baltimore, Maryland where he attended Calvert Hall College High School, a private, all-boys, Catholic preparatory school. While in high school, he became an Eagle Scout.

He received a Bachelor of Science degree in accounting and international business in 1998 from Mount St. Mary's University. He then attended University of Pennsylvania Law School, receiving a Juris Doctor (J.D.) in 2001, and a Doctor of Juridical Science (S.J.D.) in 2002. Tarbert obtained a Master of Studies (M.St.) in 2002 and Doctor of Philosophy (D. Phil.) in comparative law in 2005 from Oxford University where he was a Thouron Scholar.

Tarbert is a Certified Public Accountant, Chartered Financial Analyst, and a Certified Anti-Money Laundering Specialist. He is both a U.S. attorney-at-law and a UK-qualified lawyer (solicitor).

Career

Tarbert began his legal career at the law firm Sullivan & Cromwell, working there from 2003 to 2005. He then served as a law clerk for Chief Judge Douglas H. Ginsburg of the U.S. Court of Appeals for the D.C. Circuit from 2005 to 2006. He subsequently worked as an attorney-adviser in the Office of Legal Counsel in the U.S. Department of Justice from 2006 to 2007.

From 2007 to 2008, Tarbert was a law clerk for Justice Clarence Thomas of the Supreme Court of the United States. From 2008 to 2009, he served as Associate Counsel to the President of the United States, providing legal advice to the National Economic Council and the Council of Economic Advisers. In that role, he advised senior White House and Cabinet-level officials on issues related to the U.S. government's response to the financial crisis.

From 2009 to 2010, Tarbert served as Special Counsel to the United States Senate Committee on Banking, Housing, and Urban Affairs. During his tenure, he participated in negotiations that eventually led to passage of the Dodd–Frank Wall Street Reform and Consumer Protection Act.

From 2010 to 2013, Tarbert was a senior counsel, and subsequently partner at the law firm Weil Gotshal & Manges, where he led the financial regulatory reform working group. In 2014, Tarbert joined Allen & Overy as a partner and as head of the law firm's U.S. bank regulatory group. The same year, he was appointed as a Senior Fellow of the Program on International Financial Systems at Harvard Law School.

In December 2016, Tarbert volunteered on President Trump's transition team, providing advice to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation.

Nomination

On April 4, 2017, President Trump announced his intent to nominate Tarbert for the post of Assistant Secretary of the Treasury for International Markets and Development.

Professional leadership roles

  • Advisory Board, Bloomberg BNA Banking Report
  • Board of Advisors, Review of Banking and Financial Services
  • Board of Advisors, Review of Securities and Commodities Regulation
  • Board of Editors, Banking Law Journal
  • Chair, Subcommittee on Systemically Important Financial Institutions of the Banking Law Committee of the American Bar Association
  • Elected Member, American Law Institute
  • Legal Advisor, Systemic Risk Council
  • Senior Fellow, Harvard Law School Program on International Financial Systems

    Publications

    • "The Perils and Promise of Correspondent Banking," 133 Banking L.J. 53 (Feb. 2016) (co-author)
    • "Volcker Rule Continues to Challenge the CLO Market," Law 360 (Oct. 22, 2015) (co-author)
    • "CLOs and the Volcker Rule," Rev. Banking & Fin. Serv. 81 (Aug. 2015) (co-author)
    • "Confronting Systemic Risk: Enhanced Standards for Foreign Banks," 25 Bus. L. Today (May 2015) (co-author)
    • "Global Banks Face Higher Capital Requirements in FSB ‘TLAC’ Proposal," 132 Banking L.J. 186 (Apr. 2015) (co-author)
    • "Regulators Confront Weakening Lending Standards," 131 Banking L.J. 767 (Oct. 2014) (co-author)
    • "Private Equity Funds and the Volcker Rule," 47 Rev. Sec. & Commodities Reg. 171 (July 2014) (co-author)
    • Foreword to The Art of Bank M&A by Alexandra R. Lajoux & Dennis J. Roberts (McGraw-Hill 2014). ISBN 9780071799560, ISBN 0071799567.
    • "Recognizing the Institutional Benefits of Dodd-Frank Resolution Planning," Banking & Fin. Serv. Pol’y Rep. (Apr. 2013) (co-author) 
    • "The Dodd-Frank Act – Two Years Later," 66 (Okla. City U.) Consumer Fin. L. Q. Rep. 3 (Dec. 2012/Jan. 2013) 
    • "Better Late Than Never? FSB Reports Regulatory Reform Is Advancing, But Slowly," 66 (Okla. City U.) Consumer Fin. L. Q. Rep. 34 (Dec. 2012/Jan. 2013) (co-author)
    • "FSB Resolve To Make It Better: Lessons Learned in the Resolution Planning Process," The RMA Journal (Oct. 1, 2012) (co-author) 
    • "FSB Reports Regulatory Reform Is Advancing, But Slowly," The Harvard Law School Forum on Corporate Governance and Financial Regulation (July 20, 2012) (co-author) 
    • "Resolution Planning: Lessons Learned," Bank Director (July 6, 2012) (co-author) 
    • "‘Living Wills’ Present an Opportunity for Banks," American Banker (July 3, 2012) (co-author)
    • "A SIFI in Three Easy Steps? FSOC Approves Final Rule for Nonbank SIFI Designations," 129 Banking L.J. 419 (May 2012) (co-author) 
    • "Navigating Dodd-Frank’s Resolution Plan Requirement," N.Y. L.J. (Dec. 5, 2011) (co-author)
    • "Test Your Resolution: Living Wills in an Era of Regulatory Uncertainty," 128 Banking L.J. 916 (Nov./Dec. 2011) (co-author) 
    • "Dodd-Frank, One Year Later: A Primer on the Federal Rulemaking Process," The Metropolitan Corporate Counsel (Aug. 2011) (co-author) 
    • "Basel III: An Overview," Banking & Fin. Serv. Pol’y Rep. (May 2011) (co-author) 
    • "The Volcker Rule and the Future of Private Equity," Rev. Banking & Fin. Serv. (May 2011) (co-author) 
    • "Dodd-Frank’s Enforcement and Litigation Provisions," ABA In-House Litigator (Winter 2011) (co-author) 
    • "Bank M&A in the Wake of Dodd-Frank," 127 Banking L.J. 909 (Nov./Dec. 2010) (co-author) 
    • "Hedge Funds: Spotlight," Bloomberg Brief (Nov. 12, 2010) (co-author)
    • "Dodd-Frank & Securitization: The Basics You Need to Know," ABS East Daily (Oct. 4, 2010) (co-author)
    • "Bank Deaths Give Rise to ‘Living Wills,’" Thompson Reuters: Wall Street Lawyer (Oct. 2010)
    • "The Vagaries of the Volcker Rule: The Rule Raises Far More Questions than it Answers," Int’l Fin. L. Rev. (Sept. 2010)
    • "The Dodd-Frank Act and Credit Derivatives: A Market Transformed," Bloomberg Law Reports: Commodities & Derivatives – Swaps and Over-the-Counter Derivatives (Sept. 7, 2010) (co-author) 
    • "The Dodd-Frank Act: The UK Perspective," Practical Law Company: Finance (Sept. 2, 2010) (co-author) 
    • "The President Signs Landmark Financial Reform Bill," The Metropolitan Corporate Counsel (Aug. 2010)
    • "The Global Financial Crisis: A Plan for Regulatory Reform," Committee on Capital Markets Regulation (May 26, 2009) (co-author) 
    • "Merger Breakup Fees: A Critical Challenge to Anglo-American Corporate Law," 34 (Georgetown) Law & Pol’y Int’l Bus. 627 (2003) 
    • "Rethinking Capital Adequacy: The Basle Accord and the New Framework," 56 Bus. Law. 767 (2001) 
    • "Are International Capital Adequacy Rules Adequate?: The Basel Accord and Beyond," 148 U. Pa. L. Rev. 1771 (2000) (comment)
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