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Supervision and Regulation | Our StructureFinancial Institution Supervision Group
The Financial Institution Supervision Group supervises and regulates financial institutions in the Second District. Its primary objective is to maintain safe and competitive U.S. and global banking systems. Staff in the Group assess the safety and soundness of domestic banking institutions and operations of foreign banking organizations in the District through periodic onsite evaluations and offsite financial analysis and surveillance. The Group also analyzes issues and developments to identify emerging supervisory risks and develop domestic and international supervisory policy.
SARAH J. DAHLGREN  Sarah J. Dahlgren, executive vice president and member of the Bank's Management Committee, became head of the Financial Institution Supervision Group at the Federal Reserve Bank of New York effective January 1, 2011. Ms. Dahlgren had been the executive vice president of the Special Investments Management Group since January 2010.The Financial Institution Supervision Group at the New York Fed 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. Ms. Dahlgren had previously led the American International Group (AIG) monitoring team as a senior vice president since September 2008. Ms. Dahlgren joined the New York Fed as an examiner in July 1990. She has held various positions within the Financial Institution Supervision Group, including responsibility for the relationship management function, with oversight responsibility for the Group's portfolio of domestic and foreign banking organizations. Prior to that, she had oversight responsibility for the Group's information systems and technology exam programs, as well as its Year 2000 readiness efforts. In addition, Ms. Dahlgren was responsible for the Bank's Credit Risk Management Function. Ms. Dahlgren holds a bachelor's degree from Cornell University and a master's degree from Duke University. The Federal Reserve Bank of New York works within the Federal Reserve System to implement monetary policy, supervise and regulate financial institutions and help maintain the safety, soundness and vitality of our economic and financial systems. As part of the New York Fed's core mission, we supervise and regulate financial institutions in the Second District with the goal of fostering a safe and competitive U.S. and global banking system.
Complex Financial Institutions
The Complex Financial Institutions (CFI) function supervises large, complex banking organizations, as well as firms designated as Systemically Important Financial Institutions (SIFIs) in the Second District by the Financial Stability Oversight Counsel (FSOC). Firms within the CFI portfolio are among the largest, most complex, and often most internationally active in the financial system, with activities spanning numerous markets and jurisdictions. Steven J. Manzari Steven J. Manzari is a senior vice president and head of the Complex Financial Institutions (CFI) function within the Financial Institution Supervision Group at the Federal Reserve Bank of New York. CFI is responsible for the development and execution of an effective, continuous risk-focused supervisory program for the largest, most complex financial institutions located in the Second District, including firms designated as systemically important financial institutions (SIFIs) by the Financial Stability Oversight Council. Prior to his current assignment, Mr. Manzari was assigned to the American International Group (AIG) relationship monitoring team. Mr. Manzari was appointed an officer of the Bank in December 1997 after having joined the Bank in August 1992. He resigned from the Bank in January 2001 and returned in June 2006 as a vice president overseeing the Market and Liquidity Risk Department. Mr. Manzari holds a Bachelor of Arts from Hamilton College, a Master in Business Administration from Cornell University, and a Master of Science from New York University. The Federal Reserve Bank of New York works within the Federal Reserve System to implement monetary policy, supervise and regulate financial institutions and help maintain the safety, soundness and vitality of our economic and financial systems. As part of the New York Fed's core mission, we supervise and regulate financial institutions in the Second District with the goal of fostering a safe and competitive U.S. and global banking system.
Community and Regional Banks and Consumer Compliance
The Regional and Community Banking Organizations and Consumer Compliance function supervises Second District state-chartered regional and community banks that are members of the Federal Reserve System, along with all regional and community bank holding companies, whether such regional or community bank is state- or nationally chartered. A regional bank is defined as having total assets of more than $10 billion and a community bank is a bank having total assets of up to $10 billion. Patricia Meadow Patricia Meadow is vice president and head of the Regional and Community Banking Organizations (RCBO) and Consumer Compliance function in the Financial Institution Supervision Group at the Federal Reserve Bank of New York. RCBO relationship specialists assess the safety and soundness of regional and community banks, midsize holding companies and Edge Act corporations located in the Second District. Prior to joining the Bank in 2011, Ms. Meadow was First Deputy Superintendent at the New York State Banking Department, where she was responsible for supervisory matters related to large complex financial institutions and community banks. With over 30 years of experience in the field of financial services, Ms. Meadow has held management positions in major international financial institutions in the areas of corporate lending and portfolio restructuring, business development, administration and human resources. Ms. Meadow holds a Bachelor of Arts degree in political science from Arcadia University and a Master of International Affairs from Columbia University School of International and Public Affairs. The Federal Reserve Bank of New York works within the Federal Reserve System to implement monetary policy, supervise and regulate financial institutions and help maintain the safety, soundness and vitality of our economic and financial systems. As part of the New York Fed's core mission, we supervise and regulate financial institutions in the Second District with the goal of fostering a safe and competitive U.S. and global banking system.
Supervisory Policy
The Supervisory Policy function contributes to discussion and communication about supervision and policy issues across the Financial Institution Supervision Group and the Bank. Marc Saidenberg Marc R. Saidenberg is a senior vice president and head of the Supervisory Policy function in the Financial Institution Supervision Group at the Federal Reserve Bank of New York. Mr. Saidenberg is responsible for the coordination of and collaboration around supervisory and policy issues impacting the Group. Previously, he held positions as co-head of the Risk and Policy function and head of the Financial Sector and Analysis function. Prior to joining the Bank, Mr. Saidenberg worked for Merrill Lynch and Company where he served as a managing director. Mr. Saidenberg was previously employed at the Federal Reserve Bank of New York beginning his career in the Research and Statistics Group in September 1995 as an economist. In December 2000, he was appointed an officer and assigned to the economic capital competency center and in December 2001 was promoted to assistant vice president. In January 2004, Mr. Saidenberg was assigned to the large complex banking organizations relationship management department and was promoted to vice president in July 2004. Mr. Saidenberg left the Bank to work for Merrill Lynch in November 2005. Mr. Saidenberg holds a Bachelor of Arts from Vassar College and Ph.D. degree from University of California. The Federal Reserve Bank of New York works within the Federal Reserve System to implement monetary policy, supervise and regulate financial institutions and help maintain the safety, soundness and vitality of our economic and financial systems. As part of the New York Fed's core mission, we supervise and regulate financial institutions in the Second District with the goal of fostering a safe and competitive U.S. and global banking system.
Foreign Financial Institutions
The Foreign Financial Institution function acts as the U.S. supervisor of foreign banking organizations (FBOs) that transact business in the Second District through banking offices or other entities. The FBO portfolio is separated regionally.
Zahra El-Mekkawy The Federal Reserve Bank of New York works within the Federal Reserve System to implement monetary policy, supervise and regulate financial institutions and help maintain the safety, soundness and vitality of our economic and financial systems. As part of the New York Fed's core mission, we supervise and regulate financial institutions in the Second District with the goal of fostering a safe and competitive U.S. and global banking system.
Financial Market Infrastructure
The Financial Market Infrastructure function is responsible for supervising certain financial market intermediaries and utilities, including certain financial market utilities that have been designated as systemically important by the Financial Stability Oversight Counsel. This function is concerned primarily with operations the systems that make financial markets work on a day-to-day basis, which can be housed within a financial institution, like a bank, or it can exist as a standalone institution dedicated to providing an operational service, like a clearinghouse or settlements system. Jeanmarie Davis Jeanmarie Davis is a senior vice president and head of the Financial Market Infrastructure (FMI) function in the Financial Institution Supervision Group at the Federal Reserve Bank of New York. The FMI team is focused on promoting financial stability associated with financial market utilities as well as payment, settlement and clearing activities conducted by systemically important financial institutions (SIFIs). Previously, Ms. Davis had oversight responsibility for several portfolios in a relationship management function. Ms. Davis joined the New York Fed as an application analyst in June 1985. In March 1993, she was named an officer of the Bank and assigned to operational risk department in the risk management function. In January 2003, Ms. Davis was promoted to assistant vice president and was promoted to vice president in January 2005. In September 2005 she was given responsibility for large complex banking organizations. Ms. Davis holds a bachelor’s degree from Colgate University and a master’s degree from Baruch College. The Federal Reserve Bank of New York works within the Federal Reserve System to implement monetary policy, supervise and regulate financial institutions and help maintain the safety, soundness and vitality of our economic and financial systems. As part of the New York Fed's core mission, we supervise and regulate financial institutions in the Second District with the goal of fostering a safe and competitive U.S. and global banking system.
Cross-Firm Perspectives and Analytics
The Cross-Firm Perspectives and Analytics function is focused on performing cross-firm analysis of risks, performance and capital in order to provide insight into consistencies and differences among firms' strategies, revenues and risks. Michael Alix Michael Alix is a senior vice president and head of the Cross-Firm Perspectives and Analytics (CFPA) function in the Financial Institution Supervision Group at the Federal Reserve Bank of New York. CFPA performs horizontal cross-firm analysis and perspective of risks, performance and capital, and provides insight into differences among firms' strategies, revenues and risks. Prior to his current assignment, Mr. Alix was co-head of the Risk and Policy function and worked with the Bank’s American International Group (AIG) monitoring team, focusing on managing the Bank’s credit risk to AIG Financial Products and other AIG financial services affiliates. Before joining the Bank in November 2008, Mr. Alix held a variety of risk management positions in the private sector. He served for two years as chief risk officer and, earlier, global head of credit risk management, at Bear Stearns Companies. Earlier in his career, he was chief credit officer for Asia, and a vice president and head of North America financial institutions credit at Merrill Lynch & Co. Mr. Alix holds a Bachelor of Arts from Duke University and a Master in Business Administration from the Wharton School of the University of Pennsylvania. The Federal Reserve Bank of New York works within the Federal Reserve System to implement monetary policy, supervise and regulate financial institutions and help maintain the safety, soundness and vitality of our economic and financial systems. As part of the New York Fed's core mission, we supervise and regulate financial institutions in the Second District with the goal of fostering a safe and competitive U.S. and global banking system.
Group Operations
The Group Operations function provides strategic, administrative, financial and workforce management.
Homer Hill
The Federal Reserve Bank of New York works within the Federal Reserve System to implement monetary policy, supervise and regulate financial institutions and help maintain the safety, soundness and vitality of our economic and financial systems. As part of the New York Fed's core mission, we supervise and regulate financial institutions in the Second District with the goal of fostering a safe and competitive U.S. and global banking system.
Risk and Policy
The Risk and Policy function partners on the implementation of supervisory plans for individual institutions, assesses their risk exposures and risk management frameworks, provides cross-institutional assessments, and assists in developing sound practice guidelines and new examination procedures in response to changing risks in the financial industry.
Arthur G. Angulo The Federal Reserve Bank of New York works within the Federal Reserve System to implement monetary policy, supervise and regulate financial institutions and help maintain the safety, soundness and vitality of our economic and financial systems. As part of the New York Fed's core mission, we supervise and regulate financial institutions in the Second District with the goal of fostering a safe and competitive U.S. and global banking system. |
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