Washington, D.C. — Today, the Bank Policy Institute is pleased to announce Patrick M. Parkinson has been hired as a special advisor. Mr. Parkinson will start on August 11th and will join BPI’s research team where he will contribute to in-house production of empirical, academic-quality research. He will also provide strategic advice to BPI’s regulatory affairs team. Most recently, Mr. Parkinson was a managing director at Promontory Financial Group where he advised clients on regulatory and risk management issues. His extraordinary career of public service includes a 31-year tenure at the Federal Reserve, where he was director of the Division of Banking Supervision and Regulation, a member of the Basel Committee on Banking Supervision, and a senior member of the Federal Reserve’s Division of Research and Statistics.
“We are very fortunate that Pat has agreed to join the BPI team,” said BPI’s President and CEO Greg Baer. “Pat is widely respected for his intellect and commitment to developing sound regulatory policy, and we are extraordinarily pleased that he has chosen to join the research team at BPI.”
“I am delighted to be joining BPI,” said Mr. Parkinson. “I am extremely grateful for the opportunity that Gene Ludwig and Promontory provided me over the past 6 years. I am excited to return to my roots as an economist and policy analyst and tackle some of the complex and important banking regulatory questions.”
Mr. Parkinson’s other experience includes serving as counselor to Treasury Secretary Timothy Geithner in early 2009, where he assisted in the development of post-crisis financial reforms. 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. Also during his time at the Federal Reserve, he was instrumental in bringing a more analytical and multidisciplinary approach to regulation and supervision through stress tests and driving consensus on stronger capital standards at the domestic and international levels.
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About the Bank Policy Institute. The Bank Policy Institute (BPI) is a nonpartisan public policy, research and advocacy group, representing the nation’s leading banks and their customers. Our members include universal banks, regional banks and the major foreign banks doing business in the United States. Collectively, they employ almost 2 million Americans, make nearly half of the nation’s small business loans, and are an engine for financial innovation and economic growth.
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