Tracy served as the head of bank supervision from 2017 to 2021, leading a 350- person team that conducts prudential and consumer protection supervision across a portfolio of community, regional, foreign and large complex organizations.
Over the course of her 30+ year career at the Fed, she held a range of roles throughout banking supervision, starting with commissioned examiner. She distinguished herself with her forward leaning work on consumer protection, fintech, suptech and climate risk.
She is known for her strategic leadership capabilities, managerial courage and critical thinking. She is a senior leader with demonstrated ability to drive change, lead through uncertainty and build consensus.
During her tenure at the Federal Reserve, she was on the forefront of driving change to keep pace with the changing financial services landscape:
+ Formed the Federal Reserve System’s (FRS) first fintech team in 2015 and led FRS supervision initiative to study developments in fintech. SF Fed viewed as leader in adapting to fintech-driven changes.
+ Served as the FRS representative on the Basel Committee on Banking Supervision’s Task Force on Financial Technology.
+ Established and sponsored FRS suptech initiative to leverage new technologies in the conduct of bank supervision.
+ Formed the FRS’s first climate risk team in 2020 to study the financial impact of both physical and transitional risks related to climate change. + Led FRS team charged with developing recommendations for Main Street Lending Program to better serve small businesses, CDFIs and MDIs. + Led FRS team to provide fintech lenders access to the Paycheck Protection Program Liquidity Facility.
