Peter  Holmes

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+1 212 365 6572 direct
New York

Previous Experience

  • Manager, Financial Risk Management, KPMG LLC
  • Vice President, Foreign Exchange, Republic National Bank of New York
  • Banking Research Officer, Federal Reserve Bank of New York
  • Manager, Chief Dealer, Foreign Exchange, Federal Reserve Bank of New York

Thought Leadership

  • “Proposals to Change the U.S. Financial Regulatory Environment,” presentation to The Financial Executives Networking Group
  • “The CLS Survey,” KPMG
  • “Competitiveness of U.S. Banks in Foreign Exchange,” Federal Reserve Bank of New York

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Peter Holmes

Senior Principal

Peter assists clients with risk control and enforcement issues. While at the Federal Reserve Bank of New York, he worked on foreign exchange, payment system, and regulatory risk issues, including anti-money laundering and the Basel Accord on risk-based capital. He helps banks, futures commission merchants, and other financial services clients strengthen processes, reporting, and governance.

Experience

Peter’s 19-year career at the Federal Reserve Bank of New York focused on foreign exchange trading, policy issues, and bank supervisory matters. He has deep knowledge of netting arrangements in foreign exchange, business process improvement reviews for the U.S. government, and competitiveness of U.S. banks. As chief dealer of Foreign Exchange, he managed the Fed’s dealing relationships with banks and participated in the management of U.S. foreign currency reserves. Peter has also worked in foreign exchange in the private sector, providing macro analysis to institutional and high-net-worth clients. He has also served as a risk management consultant, designing and helping launch operational risk management units at U.S. operations of European banks, and directing benchmarking and control reviews in capital markets and treasury units for clients.

Education

  • M.P.A., Kennedy School of Government, Harvard University
  • Diploma, Economic Studies, Lancaster University (United Kingdom)
  • B.A., economics, Bucknell University


Affiliations, Awards, and Civic Engagements

  • Member, International Association of Financial Engineers
  • President’s Award for Excellence, Federal Reserve Bank of New York


Representative Engagements

  • Implemented risk systems, strategies, and governance for futures commission merchants in the wake of large losses.
  • Redesigned compliance functions, risk reporting, and governance for the domestic operations of international banks under regulatory sanction.
  • Conducted on-site assessments of compliance and anti-money laundering risk exposure, making recommendations for program strengthening.

 


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