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Speaker Biographies

Miguel D. Browne

Associate Director
Federal Deposit Insurance Corporation

Miguel Browne is Associate Director for International and Large Bank Supervision in the FDICís Division of Supervision and Consumer Protection. In this capacity Mr. Browne oversees and coordinates the FDICís activities with large and internationally active banks. Since joining the FDIC in October 1995, he has been actively involved in both domestic and international policy development. To this end, he has been a member of the Basel Committee on Banking Supervisonís Models Task Force, Capital Group, and Accord Implementation Group. Mr. Browne is also is a member of the FDICís Financial Risk Committee and is a member of the FDICís Investment Advisory Group.

Prior to joining the FDIC, Mr. Browne was an anti-submarine warfare specialist and was an analyst working towards completion of the Intermediate Range Nuclear Forces Treaty. Since joining the financial community he has held trading and risk management positions at Goldman Sachs, Intermarket Management Inc., and Emcor.

Mr. Browne received an A.B. in physics from Colby College. He later received an M.S. in management with concentrations in finance and international finance from the Massachusetts Institute of Technology.

Robert Dean

Senior Vice President, Market Risk Oversight
Freddie Mac

Robert Dean is senior vice president of Market Risk Oversight in the Finance and Administration Division of Freddie Mac. In this role, he is responsible for overseeing management of all market and credit-related risks in Freddie Macís Funding & Investments Division and Single Familyís Securities Sales & Trading Group. This responsibility includes chairing a monthly market risk-management forum to discuss significant market and credit risk exposures, providing a quarterly report to the Board of directors, setting risk limits, approving model changes, and evaluating the effectiveness of the risk-management process.

Dean joined Freddie Mac in 1998 as vice president of Market Risk Oversight. Prior to that, he served as vice president and global credit controller at J.P. Morgan and vice president and market risk controller at Salomon Brothers. Dean has also served as vice president of product profitability analysis at Prudential Securities and as an audit-consulting manager at Coopers & Lybrand. Dean holds a B.A. in accounting from the University of Massachusetts and is a certified public accountant.

D. Wilson Ervin

Managing Director
Credit Suisse First Boston

D. Wilson Ervin is a Managing Director of Credit Suisse First Boston and Head of Strategic Risk Management, based in New York. He is a member of CSFB's Risk Committee, the Leadership & Performance Committee.

Previously, Mr. Ervin worked at Credit Suisse Financial Products (CSFP), the former financial derivatives subsidiary of CSFB, where he was responsible for marketing to U.S. corporations and new product structuring activities in the U.S. and Latin American regions. Mr. Ervin joined CSFP at its founding in 1990.

Prior to 1990, he held various responsibilities in CSFB, including positions in the Fixed Income and Equity capital markets, the Australian Investment Banking team and the Mergers & Acquisitions group. He joined CSFB in 1982.

Mr. Ervin received his A.B., summa cum laude, in Economics from Princeton University.

Peter R. Fisher

Treasury Under Secretary for Domestic Finance
United States Department of the Treasury

Peter R. Fisher was sworn in on August 9, 2001 as Under Secretary of the U.S. Treasury for Domestic Finance by Treasury Secretary Paul OíNeill. He was confirmed by the U.S. Senate on August 3.

As Under Secretary, Mr. Fisher is the senior advisor to the Treasury Secretary and the Deputy Secretary on all aspects of domestic finance. His office is responsible for formulating policy and legislation in the areas of financial institutions, public debt management, capital markets, government financial management services, federal lending, fiscal affairs, government-sponsored enterprises, and community development. He also serves on the board of Securities Investor Protection Corporation and chairs the Advanced Counterfeit Deterrence Steering Committee.

Prior to joining the Treasury Department, Mr. Fisher was executive vice president of the Federal Reserve Bank of New York, and manager of the System Open Market Account for the Federal Open Market Committee, overseeing all domestic open market and foreign exchange operations and the provision of account services to foreign central banks.

Mr. Fisher earned a J.D. degree from Harvard Law School in 1985 and a B.A. degree in history from Harvard College in 1980.

He is married, has two children and resides in Washington, D.C.

George French

Deputy Director, Division of Supervision and Consumer Protection
Federal Deposit Insurance Corporation

George French is Deputy Director for Policy and Examination Oversight in the FDIC's Division of Supervision and Consumer Protection. Prior to assuming his current duties in June, 2002, he was Deputy Director of the Division of Insurance, where he was involved extensively in the development of new FDIC programs to monitor and report on emerging macro risks at the national and regional level.

George began his FDIC career in 1986 as a Financial Economist in the Division of Research and Statistics. His work in the Research Division encompassed a variety of topics including the measurement of FDIC loss exposure arising from failing banks, the pricing of deposit insurance, and the development of regulatory policy towards troubled financial institutions.

Prior to joining the FDIC, George was an Assistant Professor of Economics at Tulane University. He received a Ph.D. in economics from Northwestern University and a B.A. from Princeton University. He lives in Arlington, Virginia with his wife Sarah Wright and his son Johnston.

Thomas P. (Todd) Gibbons

Executive Vice President and Chief Risk Policy Officer
The Bank of New York

Thomas (Todd) Gibbons is an Executive Vice President and Chief Risk Policy Officer of The Bank of New York. Mr. Gibbons is responsible for Credit, Operational and Market Risk Management. He assumed his duties in 1999.

Mr. Gibbons joined The Bank of New York in June 1986 as an Assistant Vice President in Capital Markets. He was promoted to Vice President and head of Swaps and Derivative Products in September 1988. In 1992 Mr. Gibbons was promoted to Senior Vice President and head of Global Treasury where he was responsible for asset and liability management, funding, money market trading, swaps and derivative products and the municipal dealer. Prior to joining the bank he was Assistant Treasurer of Handy and Harman.

Mr. Gibbons is also a Director of The Bank of New York Capital Markets, Inc.

He is a member of The Bankís Senior Planning Committee and Chairman of the Product and Market Risk Committees. Mr. Gibbons holds a B.S. in Business Administration from Wake Forest University and an MBA from Pace University. He resides with his family in Short Hills, NJ.

Adam M. Gilbert

Managing Director
J.P. Morgan Chase & Co.

Adam Gilbert is currently a member of the Corporate Treasury Group where he oversees the development of economic capital and transfer pricing policies, supports the firmís Capital Committee, and leads firmwide efforts on various public policy and industry issues, including the revision of the Basel Capital Accord. During 2000 Adam headed heritage Morganís Public Reporting function where he was responsible for the preparation of earnings releases and SEC filings. Adam has participated in numerous industry initiatives, including the Shipley Committee on Public Disclosure, the Counterparty Risk Management Policy Group, ISDA and IIF working groups on regulatory capital, and the Working Group of the Payments Risk Committee.

From 1997 to 2000 Adam led the Policy and Settlement Analysis Team in Morganís Corporate Risk Management Group. In that capacity he developed corporate credit and market risk policies, served as the Business Risk Monitor for the firmís Asset Management business, managed a team that analyzed exchanges and clearing systems, and coordinated a firmwide risk committee on structured product vehicles.

Adam joined Morgan in April 1997.

Adam spent the first ten years of his career at the Federal Reserve Bank of New York, where he held positions in the Bank Supervision Group, the Credit and Discount Department, and the Research and Market Analysis Group. He has extensive experience in supervisory/regulatory matters, risk management, and payments system issues. Among other things, Adam:

  • Spent two and a half years in Basle, Switzerland as a member of the Secretariat of the Basle Committee on Banking Supervision.
  • Chaired a public/private sector joint working group of the G-10 Committee on Payment and Settlement Systems and the International Organization of Securities Commissions that developed a disclosure framework to improve the understanding of risks in securities settlement systems.
  • Managed examination teams covering trading/risk management, securities underwriting subsidiaries, payments system risk, and fiduciary services.

Adam holds a Masters Degree in Public Policy from Harvard Universityís John F. Kennedy School of Government and a B.A. in Political Science from Tufts University, where he graduated summa cum laude and Phi Beta Kappa.

Randall S. Kroszner

Member of the Council of Economic Advisers
White House

Randall S. Kroszner was confirmed by the United States Senate on November 28, and was appointed by President George W. Bush on November 30, 2001 as a Member of the Council of Economic Advisers. Dr. Kroszner is on leave from the University of Chicago's Graduate School of Business where he is Professor of Economics. He is also on leave from his positions as Editor of the Journal of Law & Economics and Associate Director of the George J. Stigler Center for the Study of the Economy and the State.

Dr. Kroszner has served as a consultant to the International Monetary Fund, the World Bank, the Inter-American Development Bank, the Swedish Finance Ministry, the Federal Reserve Banks of Chicago, Kansas City, Minneapolis, New York, and St. Louis, the Board of Governors of the Federal Reserve System, Deutsche Bank, Lexecon Inc., and G. T. Management (Asia).

Dr. Kroszner has been a Visiting Professor at the Stockholm School of Economics, the Institute for International Economic Studies at the University of Stockholm, and the Free University of Berlin. During 1999-2000, he was the John M. Olin Fellow in Law and Economics at the University of Chicago Law School. He is a Faculty Research Fellow of the National Bureau of Economic Research. He is on leave from his position as an Associate Editor of the Economics of Governance, Journal of Economics and Business, and the Journal of Financial Services Research. His research interests include the economics and politics of international and domestic banking and financial regulation, bond markets and debt restructuring, monetary economics, and antitrust. In the Graduate School of Business, he has taught classes on Money and Banking and International Financial Institutions and Markets. In the Law School, he has taught the Political Economy of the Regulation of Financial Institutions.

Dr. Kroszner has testified before the Banking Committee of the U.S. House of Representatives on the expansion of bank powers and bank mergers. His more than 50 articles have appeared in scholarly journals, including the American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, Journal of Finance, and Journal of Financial Economics, in policy journals, including The Public Interest and Regulation, and in many books, including The New Palgrave Dictionary of Money and Finance. He won the Brattle Prize for best paper in corporate finance published in the Journal of Finance in 1999. He has co-authored Explorations in the New Monetary Economics (Blackwell, 1994) and co-edited The Economic Nature of the Firm: A Reader (Cambridge University Press, 1996). His work on financial regulation and financial crises has been featured in articles in The Economist, Business Week, Forbes, The Financial Times, and New York Times. He has been quoted widely in the trade and popular press and has participated in numerous radio and television programs.

Dr. Kroszner received his Ph.D. from the economics department of Harvard University in 1990 and graduated magna cum laude from Brown University in 1984.

Elizabeth Mccaul

Superintendent of Banks
State Banking Department of New York

Superintendent Elizabeth McCaul joined the Banking Department in January 1995. She was appointed Acting Superintendent by Governor George E. Pataki in 1997 and was confirmed as Superintendent of Banks by the State Senate in 2000. Prior to that she served as First Deputy Superintendent of Banks.

As Superintendent, Ms. McCaul chairs the 17-member Banking Board and oversees the operations of the Holocaust Claims Processing Office. Superintendent McCaul serves on the Advisory Committee to the Holocaust Claims Resolution Tribunal, which is supervising the Holocaust victimsí claims resolution process. The Tribunal will adjudicate claims of Holocaust survivors and their heirs to accounts in Swiss banks and insurance policies from the 1933-1945 period. The Advisory Committee will provide guidance to the Special Masters of the Court Paul Volcker and Michael Bradfield, concerning the process of distributing $800 million to claimants.

Superintendent McCaul also serves as Director on the Boards of the Empire State Development Corporation, the State of New York Mortgage Agency, the NYS Job Development Authority, and is a Member of the Board of Directors for the Harlem Community Development Corporation.

Over the last year, McCaul served as the Chairman of the Conference of State Bank Supervisorís (CSBS) Board of Directors, a nationwide body for State regulators from May 2001 to May 2002. As Chairman of CSBS, she strove to ensure seamless supervision across state lines, instituted coordinated examinations of mortgage bankers operating in more than one state, and remained committed to expanding the powers of state-chartered banks under the Gramm-Leach Bliley Act.

Under Superintendent McCaulís direction, the Banking Department has been active on many issues. The Department has worked closely with the Governor to maintain the vitality of the New York State Charter, primarily through legislative and regulatory changes that provide parity to state-chartered entities. She led efforts at CSBS to negotiate two key international cooperative agreements designed to provide foreign banking organizations with a single regulatory point of contact system.

In addition, McCaul has taken an aggressive stance in combating predatory lending in the sub-prime mortgage market. The Departmentís new regulation, Part 41, became effective on October 1, 2000 and applies to high cost home loans. The Banking Department has initiated a strong consumer education outreach campaign throughout New York State including brochures in several languages and a first in the nation video to combat predatory lending.

The Superintendent has urged chief executives of banking institutions to play a greater role in the development and support of childcare programs in return for enhanced CRA credit. Many professionals in the child care field have credited the Superintendent with changing child care for the better in New York State through her continued advocacy.

Prior to joining the Banking Department, Ms. McCaul spent ten years as an investment banker at Goldman, Sachs & Co. As a Vice President, she had responsibility for investment banking relationships primarily in the Energy and Project Finance areas.

Ms. McCaul is a graduate of Boston University and currently resides on the North Shore of Long Island with her husband and six children.

Karen Shaw Petrou

Managing Partner
Federal Financial Analytics

Karen Shaw Petrou is Managing Partner of Federal Financial Analytics, a Washington, D.C. based financial services consulting company. Federal Financial Analytics publishes in-print and electronic services, as well as providing strategic consulting services to a wide range of financial institutions, government agencies, non-bank financial services firms, and vendors to the industry.

Ms. Petrou is a widely-respected analyst whose comments appear regularly in trade and general-circulation media. In connection with the Federal Financial Analytics consulting practice, she has advised clients in some of the industryís more controversial acquisitions, walked bank boards through tough compliance questions, and defined the strategic priorities for a diverse range of financial services firms.

Prior to founding the Federal Financial Analytics predecessor company (ISD/Shaw, Inc.) in 1985, Ms. Petrou served as Vice President for Bank of America in its Washington, D.C. office. She joined Bank of America at its corporate headquarters in 1977. At that time, she was also working on a doctorate in political science at the University of California at Berkeley. She holds a M.A. from UC Berkeley and a B.A. (honors) from Wellesley College. Ms. Petrou was also admitted to the Massachusetts Institute of Technology for a year of special graduate study while an under-graduate at Wellesley.

Ms. Petrou lives in the District of Columbia with her husband, Basil. She served as a director of RCSB Financial, a savings bank located in upstate New York from 1993-1997. More than a few years ago, she danced in the studio company of Alvin Ailey American Dance Theater.

Evan Picoult

Managing Director
Citigroup

Evan Picoult is a Managing Director and head of the Risk Methods and Analytics Unit within the Risk Architecture Department of Citigroup. Risk Architecture has global responsibility for establishing the risk infrastructure of Citigroup across all of its businesses around the world. The primary function of the Risk Methods and Analytics unit is the development and enhancement of methods for measuring and analyzing the risks of the firm, including economic capital.

Dr. Picoult joined Citibank in 1980 in systems development, transferred to a trading desk in 1986 and has worked in internal risk management since 1988. In the past he advised Citibankís Market Policy Committee and its Credit Risk Policy Committee on risk issues. He is frequently invited to lecture on risk topics at professional conferences and at universities. Dr. Picoult is the North American co-chair of ISDAís Risk Management Committee. Over the years he has actively participated on several ISDA task forces which were set up to respond to regulatory proposals regarding risk based capital. Dr. Picoult is also on the Advisory Board of Carnegie-Mellon Universityís Master of Science in Quantitative Finance program.

Dr. Picoult has a Ph.D. in experimental particle physics from Columbia University and an MBA from Columbia Universityís Graduate School of Business.

Donald E. Powell

Chairman
Federal Deposit Insurance Corporation

Mr. Powell was sworn in as the 18th Chairman of the Federal Deposit Insurance Corporation (FDIC) on August 29, 2001.

Prior to being named Chairman of the FDIC by President George W. Bush, Mr. Powell was President and CEO of The First National Bank of Amarillo. A life-long Texan, Mr. Powell has more than thirty years of experience in the financial services industry.

He has served on a variety of boards, including Chairman of the Board of Regents of the Texas A&M University System, Advisory Board Member of the George Bush School of Government and Public Service, and Chairman of the Amarillo Chamber of Commerce.

Mr. Powell also has a long history of community service, ranging from the City of Amarillo Housing Board to the Franklin Lindsay Student Aid Fund and Cal Farleyís Boys Ranch. He also has served on the boards of High Plains Baptist Hospital and the Harrington Regional Medical Center.

He received his Bachelor of Science degree in Economics from West Texas State University and is a graduate of The Southwestern Graduate School of Banking at Southern Methodist University.

Mr. Powell and his wife Twanna are the parents of two grown sons.

Franklin D. Raines

Chairman and Chief Executive Officer
Fannie Mae

Franklin D. Raines is Chairman and Chief Executive Officer of Fannie Mae, a New York Stock Exchange company and the largest non-bank financial services company in the world. Fannie Mae is the nation's largest source of financing for home mortgages. The Fannie Mae Board of Directors designated Raines as the successor to James A. Johnson in April 1998. He became Chairman and Chief Executive Officer on January 1, 1999.

Raines describes Fannie Mae as being in the American Dream Business. Under his leadership Fannie Mae has continued its record of fifteen years of double-digit operating income growth, expanded its product and technology leadership and committed to invest $2 trillion to finance affordable homeownership and rental housing for 18 million families. Fannie Mae has been widely recognized for its financial management, employee diversity and benefits, and community service. Raines also serves as Chairman of the Fannie Mae Foundation, the largest foundation focused on housing and community development.

Raines stepped down as Director of the Office of Management and Budget (OMB) and a member of the President's Cabinet on May 20, 1998, after two years of service. Raines was the President's key negotiator in the talks that led to passage of the bipartisan Balanced Budget Act of 1997. Raines was the first OMB director in a generation to balance the federal budget.

From 1991 to 1996, Raines was Vice Chairman of Fannie Mae, in charge of the company's legal, credit policy, finance, and other corporate functions.

Prior to joining Fannie Mae, Raines was with Lazard Freres & Company for 11 years where he was a general partner. Before joining Lazard Freres, he served from 1977 to 1979 as Associate Director for Economics and Government in the Office of Management and Budget and Assistant Director of the White House Domestic Policy Staff.

Raines serves as a member of the board of directors of Fannie Mae, Pfizer Inc., AOL Time Warner Inc., PepsiCo, Inc., and is an Overseer for TIAA-CREF. He also serves on the boards of the Enterprise Foundation and the National Urban League. He formerly served as Chairman of the Visiting Committee of the Harvard Kennedy School of Government and President of the Board of Overseers of Harvard University.

Raines was elected a Fellow of the American Academy of Arts and Sciences, and a member of The Business Council, The Business Roundtable, the Trilateral Commission, the National Academy of Social Insurance, and the Council on Foreign Relations.

Raines graduated magna cum laude with a B.A. degree from Harvard College. He received his J.D. degree cum laude from Harvard Law School. He also attended Magdalen College Oxford University as a Rhodes Scholar.

William L. Rutledge

Executive Vice President
Federal Reserve Bank of New York

William L. Rutledge is Executive Vice President in charge of the Bank Supervision Group at the Federal Reserve Bank of New York and a member of the Bankís Management Committee. Mr. Rutledge is also a member of the Basel Committee on Banking Supervision.

The Bank Supervision Group is responsible for supervising and regulating all state member banks, financial holding companies and other bank holding companies, and foreign banks operating within the Second Federal Reserve District. It is also heavily involved in the development of supervisory policies and procedures both domestically and internationally and processes applications by banking organizations to expand their activities.

Prior to being named head of Banking Supervision at year-end 1999, Mr. Rutledge had been Senior Vice President since 1992. He has had a wide range of management responsibilities for various areas throughout Bank Supervision, including Financial Examinations, Banking Applications, Specialized Examinations, Compliance Examinations, Supervision Support, Community Affairs, and the Foreign Banking Organization Supervision program.

Mr. Rutledge joined the New York Fed in 1974 as an economist in the Banking Studies Department. In 1976, he was named chief in the Domestic Banking Applications area. He was appointed an officer with the title of Manager in 1978, and was assigned to the Domestic Banking Applications Department. He was named Assistant Vice President in 1983, and he was promoted to Vice President in 1985.

Mr. Rutledge has a bachelor of arts degree in economics from Clark University in Worcester, Massachusetts, and a master of arts degree in economics from Yale University.

Christopher J. Spoth

Regional Director
Federal Deposit Insurance Corporation

Christopher Spoth has been appointed Regional Director of the New York Region for the FDICís Division of Supervision and Consumer Protection (DSC). His office oversees Bank Supervision and Consumer Protection for the New York and Boston offices.

Before this appointment, Mr. Spoth was Deputy Regional Director of the Atlanta Region for the FDICís Division of Supervision (DOS). Earlier Mr. Spoth held several positions from 1986 in the FDICís Headquarters Office in Washington. He served as Assistant Director with responsibility for the Division of Supervisionís International Banking Operations. He also served in the Divisionís Policy Branch as Senior Examinations Specialist, and in the Divisionís Operations Branch as Review Examiner. Mr. Spoth began his FDIC career in 1980 as a bank examiner in Albany, Georgia and subsequently served as a senior bank examiner in the Kansas City Region.

Mr. Spoth, a Virginia native, is a graduate of Virginia Tech and The Graduate School of Banking at the University of Wisconsin. He and his wife Elizabeth have three children, Catherine, Sarah, and Carole.

Ken Thompson

President and Chief Executive Officer
Wachovia Corporation

Ken Thompson has been president and chief executive officer of Wachovia Corporation since the merger of First Union Corporation and Wachovia on September 1, 2001. He joined First Union in 1976. Previous positions have included chairman, president and CEO of First Union; vice chairman of the corporation and head of Global Capital Markets; president, First Union Florida; senior vice president and head of First Union Human Resources; president, First Union Georgia.

Mr. Thompson earned a B.A. in American Studies from the University of North Carolina Chapel-Hill and an M.B.A. from Wake Forest University.

Mr. Thompson serves as a board member of Florida Rock Industries, Inc. and the New York Clearing House. He is a member of the Financial Services Roundtable and the Financial Services Forum.

Mr. Thompson is a native of Rocky Mount, N.C., and was a Morehead Scholar at the University of North Carolina.

Richard E. Thornburgh

Vice Chairman of the Executive Board and
Chief Financial Officer

Richard Thornburgh is Vice Chairman of the Executive Board and Chief Financial Officer of Credit Suisse First Boston, based in New York. He is a member of the Operating Committee of CSFB. He served as a member of the Credit Suisse Group Executive Board for the five-year period 1997-2001, during which he also served as the Group Chief Financial Officer based in Zurich from January 1997 to May 1999. Reporting to Mr. Thornburgh are finance, credit, tax, treasury and strategic planning.

Mr. Thornburgh began his investment-banking career in New York with The First Boston Corporation, a predecessor firm of the current Credit Suisse First Boston, in 1976. He ran the Investment Banking Department in Los Angeles for two years, and was later named Global Head of the Financial Institutions Group within the investment-banking department. In 1995 Mr. Thornburgh was appointed Chief Financial and Administrative Officer and a Member of the Executive Board of CS First Boston. In the fall of 1996 when Credit Suisse First Boston was integrated into Credit Suisse Group, Mr. Thornburgh was appointed CFO of Credit Suisse Group and member of the Credit Suisse Group Executive Board.

Born and raised in Cincinnati, Ohio, Mr. Thornburgh received a BBA, cum laude, from the University of Cincinnati in 1974, and a MBA from the Harvard Business School in 1976. He serves on the Boards: of the Securities Industry Association, the University of Cincinnati Foundation, The International House and The Swiss Institute. Mr. Thornburgh and his wife, Cornelia Parsons Thornburgh, have three children.

Robert L. Tortoriello

Partner
Cleary, Gottlieb, Steen & Hamilton

Robert L. Tortoriello is a partner of Cleary, Gottlieb, Steen & Hamilton, based in the New York office. His practice focuses on bank capital markets activities and regulatory, securities and compliance matters, financial institution mergers, acquisitions, joint ventures and restructurings, derivative product transactions, and domestic and international securities offerings. A significant portion of Mr. Tortorielloís practice is devoted to regulatory counseling concerning the Gramm-Leach-Bliley Act, the Bank Holding Company Act and the International Banking Act, to domestic and foreign bank expansion into all types of non-bank services and securities-related activities, and to cross-border acquisitions and related transactions. Mr. Tortoriello began work at the firm in 1974 and became a partner in 1982.

Mr. Tortoriello received a J.D. degree, magna cum laude, from Harvard Law School in 1974 and an undergraduate degree in history and economics, summa cum laude, from St. Peterís College, New Jersey, in 1971.

Mr. Tortoriello is a frequent writer and lecturer. He is the author of Guide to Bank Underwriting, Dealing and Brokerage Activities (Glasser LegalWorks, 2001), "Financial Modernization in the United States: the Gramm-Leach-Bliley Act" (Journal of International Financial Markets, 2000), "Basel Proposal for a New Capital Adequacy Framework" (Banking Policy Report, 2000), "Bank Loan Sales Activities: Selected Banking and Securities Law Considerations" (The Trading and Securitization of Senior Bank Loans, Probus Publishing Co., 1992) and "Foreign Bank Acquisition of U.S. Banking Institutions" (Regulation of Foreign Banks, Butterworth Legal Publishers, 1991), as well as of numerous other articles respecting specific aspects of bank acquisitions, securities-related activities and bank regulatory developments for the University of Illinois Law Review, the Connecticut Journal of International Law, the Banking Expansion Reporter, Insights, the Review of Financial Services Regulation and other publications.

A member of the New York State Bar Association and the Association of the Bar of the City of New York, he is also the principal author of the Report of the New York City Bar Association Banking Law Committee on "Non-Voting Equity Investments by Bank Holding Companies in Non-Banking Companies."

Michael J. Zamorski

Director, Division of Supervision and Consumer Protection
Federal Deposit Insurance Corporation

Michael Zamorski serves as Director for the Federal Deposit Insurance Corporationís (FDIC) Division of Supervision and Consumer Protection at FDIC Headquarters in Washington, D.C. In this position he oversees the FDICís bank supervisory and consumer protection activities, including its Washington, Regional and Field offices. Prior to his present position, he had served as the Division of Supervisionís Acting Director and Deputy Director since April 2, 1996. Mr. Zamorski has worked with bank examination and supervision matters for over 23 years. At the time of his appointment as Deputy Director, he was Regional Director for the New York Region. Mr. Zamorski also served as an Assistant Regional Director in the Dallas Region, with supervisory responsibility for Texas banks during the Texas banking crisis, and as a Review Examiner in the Kansas City and Philadelphia Regions. He started his FDIC career as a field bank examiner in Pennsylvania and later Florida.

A native of Wayne, Pennsylvania, Mr. Zamorski is a graduate of Villanova University, Villanova, Pennsylvania, with a B.S. degree in Economics, conferred cum laude, and of the Stonier Graduate School of Banking. He currently serves as a voting member of the Basel Committee on Banking Supervision and the FFIEC Task Force on Supervision.

Last Updated 07/31/2002 communications@fdic.gov