Pat Parkinson is a special advisor at the Bank Policy Institute. Previously, 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.
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.