Global survey on bank regulation
Patricia joined Ernst & Young in December 2004 and has been instrumental in building the banking risk and regulatory practice, focusing on Basel II, credit risk, liquidity risk, board training and stress testing. In 2008 Patricia chaired a global industry working group for the Institute of International Finance looking into the causes of the financial crisis involving structured products and in particular the originate to distribute model. Earlier this year she conducted a world wide survey of changes being made by the banking industry in response to the crisis. Prior to joining Ernst and Young, Patricia was a senior official of the Bank of England and was head of the Financial Industry and Regulation Division. She represented the UK on the Basel Committee for Banking Supervision for 7 years and led part of the development of Basel II, including the world wide QIS studies and calibration. Patricia is an Adjunct Professor of the Imperial College Business School, a member of the board of the Imperial College Risk Lab and a Trustee of the Centre for Economic Policy Research (CEPR). She has published a wide range of papers on credit and market risk and bank capital – including procyclicality.