Deborah Parker Bailey, former Federal Reserve deputy director, 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 regulatory risk team that provides strategic insight to KPMG’s financial services clients on regulations affecting their business and helps to develop KPMG’s regulatory risk solutions.
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, Bailey served as vice chairman and managing director at Deloitte, leading the financial services regulatory practice for banking and securities.