Deloitte & Touche LLP has named former Federal Reserve Board official Deborah Bailey to run the firm’s banking and securities regulatory practice, and added two former regulators at the Federal Deposit Insurance Corp. to its team.
Bailey’s new title will be managing director. Before joining Deloitte in 2009 as a director, she was a deputy director in the Fed’s Banking Supervision and Regulation Division, where she helped lead the first round of bank stress tests in response to the financial crisis. Before coming to work at the central bank in 1997, Bailey served six years as New York field office director for the Office of the Comptroller of the Currency.
Deloitte has also named Christopher Spoth and John Corston, who both recently stepped down from the FDIC, as directors for Deloitte’s banking and securities arm. An FDIC veteran since 1980, Spoth was most recently the senior deputy director in the FDIC’s division of risk management supervision, where he helped oversee the agency’s examination program. He previously had been regional director in the FDIC New York region.
Before stepping down from the FDIC, Corston was associate director in the agency’s Office of Complex Financial Institutions. The CFI section was created following passage of the Dodd-Frank Act to help implement the FDIC’s new resolution authority for large firms. He started at the FDIC in 1987.
