Patrick M. Parkinson

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+1 202 384 1052 direct
Washington, DC

Previous Experience

Federal Reserve Board

  • Director, Division of Banking Supervision and Regulation
  • Deputy Director, Division of Research and Statistics
  • Associate Director, Division of Research and Statistics
  • Assistant Director, Division of Research and Statistics
  • Chief, Capital Markets Section, Division of Research and Statistics
  • Manager, Financial Analysis Section, Division of Banking Supervision and Regulation
  • Senior Economist, Division of Research and Statistics
  • Economist, Division of International Finance  

Thought Leadership

  • Frequent congressional testimony on a range of topics, including bank supervision and regulation, derivatives, risk management, and hedge funds
     

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Patrick M. Parkinson

Managing Director

Pat advises Promontory clients on regulatory and risk management issues. He joined the firm following a distinguished 31-year career with the Federal Reserve Board. Most recently he was director of the Division of Banking Supervision and Regulation and a member of the Basel Committee on Banking Supervision. 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.

Experience

In his client work, Pat draws on insights and experience gained during a three-decade Federal Reserve career culminating as the central bank’s top banking regulator. Pat has played a leadership role in financial regulation and supervision in the U.S. and internationally, and has a deep understanding of the interconnections in the financial system and the economy. He has been credited with helping bring a more analytical and multidisciplinary approach to regulation and supervision, as evident in the Federal Reserve’s annual capital planning and stress testing initiatives. As a member of the Basel Committee on Banking Supervision, he was integral to efforts to forge strong international capital agreements.

Through his role as a supervisor, Pat is intimately familiar with the activities of and regulatory framework for state member banks, bank and financial holding companies, and their non-bank subsidiaries, and U.S. branches and agencies of foreign banking organizations.

An economist by training, Pat began his Federal Reserve career in the division of International Finance and later held successively more senior roles in the division of Research and Statistics and the Division of Banking Supervision and Regulation. For 15 years, 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.
 

 



Education

  • Ph.D., economics, University of Wisconsin-Madison
  • M.A., economics, Northwestern University, Evanston, Illinois
  • B.A., psychology, University of Wisconsin-Madison 


Affiliations, Awards, and Civic Engagements



Representative Engagements


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