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Supervisory Risk and Surveillance

Ben Munyan

Director of Supervisory Policy and Senior Economist
Federal Reserve Bank of Dallas

Ben MunyanBen Munyan is director of the Supervisory Policy Department of Banking Supervision at the Federal Reserve Bank of Dallas. His team of economists and risk specialists identifies, analyzes and communicates policy-relevant risks in the Eleventh District and supports policy decisions across the Federal Reserve System. Munyan and his team regularly briefs Dallas Fed President Logan and senior leadership on banking conditions, manages the quarterly process of monitoring and assessing top risks inside Banking Supervision and performs quantitative analysis of financial markets and institutions. The team also produces empirical research on banking and liquidity, cyber risk and the energy market.

Since joining the Dallas Fed in 2022, Munyan has worked to redevelop early warning models for bank risk and support initiatives that improve the effectiveness of Federal Reserve watch-list policies.

Prior to joining the Dallas Fed, Munyan taught at Vanderbilt University’s Owen Graduate School of Management for seven years. Before that he worked at the U.S. Treasury Office of Financial Research. His research focuses on repo markets, corporate bond markets and liquidity, bank capital structure and the impact of regulatory policy on market quality.

Munyan earned a PhD in finance from the University of Maryland and bachelor’s degrees in economics and mathematics from Arizona State University.

Publications

“Do Higher Capital Standards Always Reduce Bank Risk? The Impact of the Basel Leverage Ratio on the U.S. Triparty Repo Market,” with M. Allahrahka and J. Cetina, Journal of Financial Intermediation, April 2018.