Regulatory Advisor, Former Federal Reserve Bank
Cathy Lemieux Ph.D. a Senior Advisor with Treliant, has over 30 years of experience in financial services regulation, corporate governance/enterprise risk management, international banking regulation, and the Community Reinvestment Act.
Cathy has helped banks of all sizes aligning their internal controls with their regulatory obligations, assessing their compliance and enterprise risk management frameworks, and their associated policies and procedures. Cathy has helped develop applications for new bank charters and authored strategic plans for banks with nationwide digital platforms. Cathy has worked with non-banks to obtain approval of their CRA investments products from the OCC. Finally, Cathy was worked with a variety of different sized organizations respond to regulatory criticisms.
Before joining Treliant, Cathy was the Executive Vice President of Banking Supervision at the Federal Reserve Bank of Chicago, the second largest supervision group in the Federal Reserve System. She led a staff of 540 examiners and risk specialists and supervised over 600 banking organizations. She was responsible for supervising community, regional and large banks located in the Midwest including the U.S. operations of three large international firms and has worked with foreign regulators in the UK, Canada, the Nordic Countries, the Netherlands, and China. In the aftermath of the 2008 Financial Crisis, Cathy was involved in the Federal Reserve’s efforts to revamp bank supervision focusing on large and regional banking organizations. Cathy’s published research focuses on the impact of FinTech lending on underserved areas, how artificial intelligence can benefit consumers, and how FinTech lending is impacting the community banking arena. Other research covers banking conditions, agricultural finance, credit and operational risk as well as the role of bank directors.
Cathy taught Macroeconomic Principles, Graduate Econometrics, and Research Methods at Indiana State University and Money and Banking at DePaul University. She received a bachelor’s degree from the University of Delaware and a Ph.D. from Texas A&M University in agricultural economics.
In the community, Cathy has worked on the building and sustaining of schools and orphanages in Uganda and served on the Village of Lake Bluff Police Pension Board.
Areas of Specialization
- Bank Applications
- Bank Holding Company Supervision
- Community Reinvestment Act (CRA)
- Consumer Protection
- Design and Implementation of Remedial Activities
- Financial Crimes Compliance Programs
- FinTech Compliance
- Pre-exam Work
- Regulatory Policy
- Risk Management Expectations
- Safety and Soundness of Financial Institutions