The Systemic Risk Council has issued the following statement upon the passing of Harvey Goldschmid, a member of the Council:
The members and staff of the Systemic Risk Council are deeply saddened by news of the passing of our colleague, Harvey Goldschmid, a member of the Council since its formation and one of its founders.
Sheila Bair, Chair of the Council, stated: “Harvey was dedicated throughout his career to advancing reforms in corporate governance and in protecting investors, for the benefit of all Americans. We remember him for his numerous and valuable contributions in these fields as a public servant while General Counsel and later a Commissioner of the Securities and Exchange Commission, and as a brilliant scholar and teacher of generations of students while a professor at Columbia Law School. His dedication to systemic risk mitigation and investor protection made him a valued member of the Council. We will miss Harvey’s leadership in championing the mission of the Council, as well as his enduring wisdom and warm friendship.”
The example of Harvey Goldschmid as a scholar and public servant will inspire the continued efforts of the Council to provide a strong, independent voice for reforms that are necessary to protect the public from financial instability.