Expert resume of Patrick M. Parkinson
Special Adviser, Bank Policy Institute; former Director of Banking Supervision and Regulation, Board of Governors of the Federal Reserve System; former Managing Director at Promontory Financial Group
Pat is a Special Adviser to the Bank Policy Institute, a trade association in Washington that engages in research and advocacy on banking supervision and regulation. He joined BPI after seven years as a Managing Director at Promontory Financial Group, where he provided advice on regulatory and risk management issues.
Prior to joining Promontory, he had a 31-year career with the Federal Reserve Board. He spent much of that time in the Division of Research and Statistics, where he served as a Deputy Director from 2004 to 2009. During the first half of 2009, Pat was counselor to Treasury Secretary Timothy Geithner and played a leading role in development of proposals for reforming financial institutions and markets, including a comprehensive regulatory framework for the OTC derivatives markets. When he returned to the Board, he was named Director of the Division of Banking Supervision and Regulation, which position he held until his retirement from the Board. Among the responsibilities of that position was representing the Board on the Basel Committee on Banking Supervision. Earlier in his career at the Fed, he focused on policy issues relating to the regulation of financial markets and the design and operation of settlement systems for securities and derivatives. From 1993 to 2009, he was the principal staff adviser to Chairmen Alan Greenspan and Ben Bernanke on issues considered by the President’s Working Group on Financial Markets. Internationally, from 1999 to 2004 he served as co-chair of the CPSS-IOSCO Task Force on Securities Settlements.
Pat earned a Ph.D. in Economics at the University of Wisconsin-Madison, an M.A. in Economics at Northwestern University and a B.A. in Psychology at the University of Wisconsin-Madison.