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CQR 2006 CHAIRMAN’s AWARD
Steven Malphrus, Staff Director for Management, U.S. Federal Reserve Board
Mr. Malphrus is cited for for championing communications network reliability as a finance industry stakeholder, for his marked professionalism in engaging industry experts, and for advocating network reliability as top priority before the highest levels of government
As Staff Director for Management, Steve Malphrus serves as Chief of Staff and is responsible for the management and operations of the Board of Governors of the Federal Reserve System.
A native of Washington State, Mr. Malphrus studied economics, finance and banking at the undergraduate and graduate level. He has worked in banking, served as a university professor and as a military officer. During his career with the Federal Reserve, he has developed expertise in banking supervision and regulation, economic and financial statistics, information technology, reserve bank operations and payments systems, and risk management and financial stability. He has also served as a bank examiner and on the staff of the Federal Financial Institutions Examination Council (FFIEC).
Mr. Malphrus served as Chairman of the Financial Sector Group of the President’s Council on Year 2000 Conversion and now represents the Federal Reserve Board on Critical Infrastructure Protection and Homeland Security Committees. As a result of his understanding of the role of telecommunications in the financial sector, he was appointed as a member of NRIC VII by former FCC Chairman Michael Powell. In 2004, Steve articulated the financial sector’s need for assured circuit diversity to the National Security Telecommunications Advisory Committee (NSTAC). NSTAC advises the President of the United States on matters relating to Telecommunications. As a result of his efforts, NSTAC commissioned the Financial Services Task Force, which produced an extensive analysis and recommended a joint study to address in more detail circuit diversity. To demonstrate his commitment to the NSTAC project, Steve committed funding, professional staff time and established a partnership with the Telecommunication’s Industry CIO Council in the creation of the National Diversity Assurance Initiative (NDAI). The National Diversity Initiative Report was recently published.
Steve serves on the Board of Advisors of the Stonier Graduate School of Banking at Georgetown University and was awarded the prestigious BITS/Financial Services Roundtable Leadership Award for his extensive contributions to the financial services industry.
Mr. Steven Malphrus receiving the CQR 2006 Chairman's Award from Kenichi Mase in CQR 2006 Workshop, London, England.