NEW YORK, July 27, 2016 /PRNewswire/ -- The former head of the statistics function and senior advisor to the director of research at the Federal Reserve Bank of New York, Kenneth Lamar was recently named an independent senior advisor to the Deloitte Center for Regulatory Strategies. Based in New York, he will advise financial institutions — largely banks — on regulatory reporting, data infrastructure and regulatory expectations for data architectures.
Over the last 15 years, Lamar was responsible for most of the New York Fed's data collections systems and data quality programs. He also held several leadership positions in the Federal Reserve System that supported the design of data collections, associated quality assurance programs, and technical implementation of data collections.
"With 36 years of experience in regulatory data operations, Ken deeply understands the complex issues around data management for the highly regulated financial services industry," said Chris Spoth, executive director, Deloitte Center for Regulatory Strategies and Deloitte Advisory managing director with Deloitte & Touche LLP. "His regulatory knowledge makes him an invaluable resource for our clients."
As part of his past leadership roles, Lamar has managed close relationships with other federal regulators, trade groups and financial services firms. The scope of his knowledge also covers primary dealer reporting, foreign exchange and derivative reporting; and legal entity reporting.
"Deloitte's concentration on strong data governance in risk management, regulatory compliance and remediation made it a great fit for me," said Lamar. "I look forward to helping Deloitte's U.S. financial services clients strengthen and enhance their regulatory reporting and data infrastructures."
Lamar's technical knowledge of data collection includes financial statement and holding company reporting requirements; financial stability data collections, deposit reporting including Federal Reserve Regulation D; cross border and international position data; and counterparty exposure reporting.
His experience in leading data operations includes building data ingestion systems and data quality programs. Lamar has also developed data management practices and has worked on data maturity models with Capability Maturity Model Integration (CMMI). Concepts he has developed for industrywide adoption cover accountability models, quality assurance functions, point of origin reviews, and enhanced internal audit programs.
About the Deloitte Center for Regulatory Strategies
The Deloitte Center for Regulatory Strategies (the Center) provides valuable insight to help organizations in the financial services, health care, life sciences, and energy industries keep abreast of emerging regulatory and compliance requirements, regulatory implementation leading practices, and other regulatory trends. Home to a team of experienced executives, former regulators and Deloitte professionals with extensive experience helping clients solve complex regulatory issues, the Center exists to bring relevant information and specialized perspectives to our clients through a range of media including thought leadership, research, forums, webcasts and events.
About Deloitte Advisory
Deloitte Advisory helps organizations turn critical and complex business issues into opportunities for growth, resilience and long-term advantage. Our market-leading teams help our clients manage strategic, financial, operational, technological, and regulatory risk to enhance enterprise value, while our experience in mergers and acquisitions, fraud, litigation and reorganizations helps clients emerge stronger and more resilient.
As used in this document, "Deloitte" and "Deloitte Advisory" means Deloitte & Touche LLP, which provides audit and enterprise risk services; Deloitte Financial Advisory Services LLP, which provides forensic, dispute, and other consulting services; and its affiliate, Deloitte Transactions and Business Analytics LLP, which provides a wide range of advisory and analytics services. Deloitte Transactions and Business Analytics LLP is not a certified public accounting firm. These entities are separate subsidiaries of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
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