In June 2009, Deborah Bailey
joined Deloitte’s Banking & Securities sector as a director within the Governance, Regulatory & Risk Strategies services team. Since that time, Deborah has played a key role in advising numerous multinational and large regional financial institutions on regulatory changes.
Deborah is often asked to provide her insights into the current state of the Dodd Frank implementation horizontally across multiple large complex financial institutions and the current challenges facing them, and how they are reacting and preparing for these changes.
Deborah provides direct advisory services to large complex financial institutions to assist with their understanding of Dodd Frank including; implications to their business, and preparation for responding to certain requirements, especially around governance, ERM, consolidated compliance framework, stress testing, and living will recovery and resolution planning.
Deborah’s prior experience includes more than 35 years of in-depth experience in the supervision and regulation of large, complex banking organizations, and U.S. operations of foreign banking organizations. Serving as the Director of the New York Field Office for the Office of the Comptroller of the Currency of the Currency and later as the Deputy Director of Supervision for the Board of Governors of the Federal Reserve System.
Regulatory highlights include:
- Worked directly with the Chairman of the Federal Reserve in developing strategies and liquidity and capital programs to address the financial crisis
- Led the April 2009 Supervisory Capital Assessment Program (aka the SCAP stress test) for the 19th largest bank holding companies
- Oversaw the Federal Reserve’s program for supervising bank and financial holding companies, state member banks, and the U.S. activities of foreign banking supervisory authorities
- Coordinated officials at the Federal Reserve as well as with other federal, state, and foreign banking supervisory authorities
- Oversaw the Federal Reserve’s function for processing applications for new bank and bank holding company charters, mergers and acquisitions and the change in bank ownership
- Oversaw the Federal Reserve’s problem bank function, including the execution of formal and informal supervisory enforcement actions, investigations in suspected illegal activities and suspicious transactions
- In 1999, Deborah received the Special Achievement Award from Chairman of the Federal Reserve Board Alan Greenspan for her outstanding contributions to the global and foreign bank supervision program.