Mary Patricia (MP) Azevedo, recent Deputy Director of the FDIC's Office of Complex Financial Institutions (OCFI), has joined PwC US as a managing director in the firm's financial services regulatory practice. She will advise PwC's clients with regard to global risk and regulatory strategy, especially involving cross border issues with unique challenges.
The OCFI was established soon after Dodd-Frank's adoption, allowing the FDIC to conduct its new resolution powers over systemically important bank holding companies and nonbank financial firms, and to monitor these institutions.
"The FDIC has played an increasingly critical supervisory role since Dodd-Frank, for both the largest U.S. institutions and for globally active firms. Our clients benefit from insight into the FDIC's heightened regulatory expectations for addressing too-big-too-fail and reducing systemic risk," said Dan Ryan, PwC US' financial services advisory leader. "MP will complement our deep team of senior ex-regulators from the Federal agencies to help our clients solve these and other evolving challenges."
Ms. Azevedo led OCFI's global work as the Deputy Director for International Coordination. She collaborated with senior foreign regulators in over 30 jurisdictions to coordinate the potential resolution of globally active systemically important firms. She also shaped global resolution policy through her position on the Financial Stability Board's Cross Border Crisis Management Group.
She previously spent 30 years as a practicing lawyer, specializing in international financial services and global corporate governance matters. During this period, she held senior positions at Western Union, and served as a partner at Winthrop, Stimson, Putnam & Roberts where she led the firm's Brussels practice. She is a graduate of the Fletcher School of Law and Diplomacy, the University of North Carolina School of Law at Chapel Hill, and Connecticut College.