Former Federal Reserve deputy director Deborah Parker Bailey has joined KPMG’s New York office as a managing director in the regulatory risk service network, which helps financial services clients on regulations impacting their business.

Former Federal Reserve deputy director Deborah Parker Bailey has joined KPMG’s New York office as a managing director in the regulatory risk service network, which helps financial services clients on regulations impacting their business.

“Our financial services clients operate within a dynamic business environment governed by evolving regulation in areas such as capital management and liquidity, governance, regulatory reporting and risk data management,” said Jitendra Sharma, US and global leader of the financial risk management services line at KPMG.

With over four decades of regulatory and “Big Four” experience, Bailey has a strong background advising on domestic and foreign banking regulatory issues relating to compliance, governance and risk management, and capital adequacy.

She spent 12 years at the Federal Reserve's board of govenors, becoming deputy director of the banking supervision and regulation division in 2006. In the latter role, she reported directly to Benjamin Bernanke, chairman of the Federal Reserve at the time.

Before joining the Federal Reserve, Bailey spent 24 years in the Office of the Comptroller of Currency.

“Bailey’s addition furthers KPMG’s continued investment in expanding its regulatory practice across all financial services sectors,” KPMG said.