Richmond Fed Employees Receive Prestigious Taylor Award

Their efforts are expected to enhance the accuracy of the stress test, which measures whether banks have enough capital to absorb losses during stressful conditions while meeting obligations to creditors and counterparties and continuing to be able to lend to households and businesses. Capital stress tests have become a critical supervisory tool.

Andrew Martindale was recognized for 17 years of distinguished service in Supervision, progressing from community bank examiner to global systemically important bank (GSIB) expert. His career shows how skills built as a community bank examiner - relationship-building, tailored supervision, proportionate risk assessment - translate to institutions of any size. Andrew now coaches and mentors examiners System-wide, drawing on that progression to guide the next generation.

Earlier this month, Federal Reserve Chairman Kevin Warsh provided opening remarks and Vice Chair for Supervision Michelle W. Bowman presented the awards at a ceremony in Washington, D.C.

"The American people deserve a banking system that is safe, sound, and resilient," Michelle Bowman stated. "They deserve supervisors who constantly assess the banking system to identify vulnerabilities and have the will to act promptly and decisively. Tonight's honorees embody exactly that. Their work is setting the standard for addressing both current and emerging challenges and is significantly contributing to a safe and sound banking system."

Learn more about our work in Banking Supervision.