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Biography
Testimony
Publications

Christopher Laursen’s expertise encompasses financial institutions, complex products, trading, markets, risk management, and financial regulation & compliance. With over 25 years of experience, he has provided consulting and advisory services to both public and private clients. He has served as an expert witness in numerous disputes.

Mr. Laursen's previous engagements have dealt with financial instruments including mortgage and asset-backed securities, derivatives, structured notes, stocks, bonds, bank and broker dealer loans, mutual funds, bank deposit accounts, insurance, pension funds, private equity, and hedge funds. He has provided advice and opined on market and product-specific features and risks, accounting and valuation, damages, conflicts of interest, regulatory compliance, and industry standard and practice.

Mr. Laursen previously served as the Federal Reserve Board’s (FRB) Manager of Risk Policy and Guidance, where he developed and interpreted regulations and guidance issued to financial institutions and examiners. He also worked closely with other financial supervisors to craft and implement U.S. interagency regulations and policies as well as international standards.

Mr. Laursen also formerly led the FRB’s trading and capital markets risk area, advising the Board of Governors on issues related to activities undertaken by national and multi-national financial institutions. He worked closely with international financial regulators, including as a member of the Basel Committee's Trading Book Group.

Prior to his FRB tenure, Mr. Laursen served as financial company examiner for both the Federal Reserve System and the US Treasury. In this capacity he gained over a decade of on-the-ground experience evaluating activities including proprietary and customer trading, credit underwriting, and new product origination. In addition to the evaluation of direct financial risks, he also specialized in international banking operations, anti-money laundering, and fiduciary activities. His senior supervisory roles included Lead Capital Markets Examiner over Bank of America Corporation.

Starting in 2007, Mr. Laursen was heavily involved in the FRB’s response to the financial crisis, reporting directly to Chairman Bernanke and other FRB Governors and Reserve Bank Presidents on various risk, valuation, and regulatory issues. He also led reviews of problem institutions and assisted in the development of special FRB actions to reduce market turmoil and economic damage.

In 2009, Mr. Laursen authored new FRB guidance, requiring enhancements to financial company stress testing, value-at-risk (VaR) modeling, regulatory capital processes, and position valuation. Upon request in 2010, he assisted the Financial Crisis Inquiry Commission during its investigation of the financial crisis.

Representative Engagements
Article
BSA and AML Enforcement Trends and D&O Liability
April 4, 2014
Published in the D&O Diary
Presentation
The Proposed Volcker Rule Analysis and Panel Discussion
February 14, 2012
Presented at the PRMIA Meeting, New York, NY
Book
Banking Entity Trading Under the Volcker Rule
2011
Published on Advisor Perspectives