Fed Official Quarles Poised to Lead Financial Stability Board

WASHINGTON—A top Federal Reserve official is poised to lead a global body overseeing financial regulations, according to people familiar with the matter, overcoming questions abroad about President Trump’s posture toward international institutions.

Randal Quarles, the Fed’s vice chairman for bank supervision, is expected to be named to chair the Financial Stability Board, these people said. The decision won’t be final until it is announced. An FSB spokesman declined to comment but said an announcement would be made before Dec. 1, when Bank of England Gov. Mark Carney’s term as FSB chair expires.