What question did this study set out to answer?

The aim is to explore Kieran Fallon’s experiences and insights from his legal career in financial regulation.

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April 7, 2026Open Access

Lessons Learned: Kieran J. Fallon

Key Points

The aim is to explore Kieran Fallon’s experiences and insights from his legal career in financial regulation.
Interview conducted with Kieran J. Fallon
Focus on his role during the Global Financial Crisis
Discussion of his contributions to the Dodd-Frank Act and AIG restructuring
Fallon helped establish the Federal Reserve's Commercial Paper Funding Facility during the GFC
He played a key role in the restructuring of AIG
His insights reflect on the impact of the Dodd-Frank Act on financial stability

Abstract

Presently the senior deputy general counsel for regulation and government affairs at PNC Fi-nancial Services Group, Kieran Fallon completed a 16-year tenure in the legal division of the Board of Governors of the Federal Reserve System in 2011. As associate general counsel dur-ing the Global Financial Crisis (GFC), he helped design the Federal Reserve’s Commercial Pa-per Funding Facility, restructure American International Group (AIG), and implement the Dodd-Frank Act. Relatedly, Fallon also served as general counsel for the Financial Stability Oversight Board from 2008 to 2011. This Lessons Learned is based on an interview conducted with Fallon on August 13, 2020.

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