Former Federal Reserve Deputy Director Deborah Parker Bailey Joins KPMG

NEW YORK, Dec. 1, 2014 /PRNewswire/ -- KPMG LLP, the U.S. audit, tax and advisory firm, announced today that former Federal Reserve deputy director Deborah Parker Bailey has joined KPMG's New York office as a managing director in its Regulatory Risk service network. Bailey's arrival adds to the firm's deep regulatory risk team that provides strategic insight to KPMG's financial services clients on regulations impacting their business and helps to develop KPMG's regulatory risk solutions.

"Our financial services clients operate within a dynamic business environment governed by evolving regulation in areas such as capital management and liquidity, governance, regulatory reporting and risk data management," said Jitendra Sharma, U.S. and Global Leader of the Financial Risk Management services line at KPMG. "Deborah's experience is invaluable to these clients as they seek critical guidance in navigating complex regulations and managing and optimizing the associated risks."

A banking industry leader with more than four decades of regulatory and Big Four experience, Bailey has an extensive background directing and advising on domestic and foreign banking regulatory issues relating to compliance, governance and risk management, and capital adequacy.

She spent 12 years at the Board of Governors of the Federal Reserve, ascending to the role of Deputy Director of the Division of Banking Supervision and Regulation in 2006, in which she reported directly to Benjamin Bernanke, chairman of the Federal Reserve at the time. Among her key responsibilities as Deputy Director, Bailey was charged with developing strategies and liquidity and capital programs to address the financial crisis and was responsible for leading the 2009 Supervisory Capital Assessment Program ("Stress Test") for the 19 largest U.S. bank holding companies.

Before joining the Federal Reserve, Bailey spent 24 years in the Office of the Comptroller of Currency with her last 12 years in senior roles in the OCC's Chicago and New York field offices, in which she was responsible for the examination and supervision of banks in those districts. While in the New York field office, she led an initiative to reorganize the processes of the OCC, resulting in the development of the large bank supervision program. Prior to joining KPMG Deborah served as vice chairman and managing director at Deloitte, in which she led the financial services regulatory practice for banking and securities.

Bailey's addition furthers KPMG's continued investment in expanding its Regulatory practice across all financial services sectors.

This ongoing effort to bolster the firm's regulatory capabilities includes the addition of a number of talented and knowledgeable professionals to the Regulatory practice as the firm has experienced extraordinary growth over the past few years.  

"As our clients continue to be challenged by the complexities that come with increased regulation, we continue to invest in our regulatory practice by expanding our capabilities and resources to serve them.  We believe they will benefit greatly from the experience and industry knowledge that Deborah brings with her, and we are thrilled to have her join KPMG," said Scott Marcello, national leader, Financial Services at KPMG.

Bailey earned a Bachelor of Business Administration degree in Banking and Finance from the University of Georgia.

About KPMG's Regulatory Risk Service Network
KPMG's Regulatory Risk Practice support clients in their needs to meet regulatory requirements and expectations by strengthening enterprise-wide compliance programs, and implementing effective governance and risk management frameworks. The practice is comprised of a team of experienced professionals including former regulators, supervisors, examiners, IT-specialists and compliance practitioners.

About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's member firms have 155,000 professionals, including more than 8,600 partners, in 155 countries.

SOURCE KPMG LLP

Related Links

http://www.us.kpmg.com