Robert L. Clarke

Robert L. Clarke
Robert L. Clarke
Portrait of Robert L. Clarke
26th Comptroller of the Currency
In office
December 2, 1985 - February 29, 1992
PresidentRonald W. Reagan
George H. W. Bush
Preceded byC. T. Conover
Succeeded byEugene Ludwig
Personal details
Born (1942-06-29) 29 June 1942 (age 82)
Tulsa, Oklahoma
NationalityAmerican
OccupationAttorney

Robert L. Clarke (born June 29, 1942) was Comptroller of the Currency of the United States[1] from 1985-1992. He was born in Tulsa, Oklahoma.[2]

Clarke, a Texas banking attorney at Bracewell LLP, was nominated by President Ronald Reagan and confirmed by the U.S. Senate. His tenure coincided with an era of extraordinary turbulence in financial institutions and the financial marketplace in the United States.

Under Clarke, the agency strengthened its managerial and supervisory capabilities to deal with changes and stresses in the national banking system. Clarke led the effort to expand the national bank powers to better meet the competition from non-bank providers of financial services. His leadership helped to reduce the costs of bank failures and to restore the safety and soundness of the national banking system.[citation needed]

Clarke was nominated to a second five-year term by President George H.W. Bush, but his nomination was blocked by the Senate Banking Committee in November 1991.[3] He remained in office until February 1992, when the office of Comptroller passed to a caretaker, his former deputy Steven R. Steinbrink.[4]

Clarke returned to Bracewell after his term as Comptroller. Since then, Clarke has also taken roles as a consultant to the World Bank and senior advisor to the National Bank of Poland.[5] Clarke was named to the board of the Dubai Financial Services Authority in 2008, where he is still an advisor.[6]

  1. ^ "Clarke's Tenure as Comptroller of the Currency Is Threatened". The New York Times. 27 September 1991. Retrieved 4 August 2011.
  2. ^ The Martindale-Hubbell Law Directory. Martindale-Hubbell Law Directory, Incorporated. 1998.
  3. ^ Labaton, Stephen (7 November 1991). "Comptroller Rejected for A 2d Term". The New York Times. ISSN 0362-4331. Retrieved 12 June 2023.
  4. ^ Labaton, Stephen (24 April 1992). "Comptroller Choice Appears Set". The New York Times. ISSN 0362-4331. Retrieved 12 June 2023.
  5. ^ "Robert Clarke, Global Financial Lawyer, Houston Attorney, Bracewell". bracewell.com. Retrieved 3 May 2024.
  6. ^ Dubai, TenTwenty | Webdesign, Webshops & E.-marketing |. "DFSA | THE INDEPENDENT REGULATOR OF FINANCIAL SERVICES | DFSA Chairman Announces Appointments to DFSA Board of Directors". DFSA | THE INDEPENDENT REGULATOR OF FINANCIAL SERVICES. Retrieved 3 May 2024.{{cite web}}: CS1 maint: multiple names: authors list (link)