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Big Banks

Citigroup Sets Up D.C. Team to Prep for Trump's Regulatory Overhaul

February 22, 2017



Citigroup is establishing a global regulatory affairs team in Washington as Wall Street firms prepare for the possibility of widespread changes to financial rules under the Trump administration.


Kevin Bailey, a former longtime official at the Office of the Comptroller of the Currency (OCC), will run the new group, which will work alongside the bank’s lobbyists and focus on policy at U.S. and overseas regulators. Julie Bell Lindsay was promoted to be his deputy.


  • Bailey, who joined Citigroup from GE Capital, worked for 25 years at the OCC, where he rose to be deputy comptroller for capital and regulatory policy. He also was a U.S. representative to the Basel Committee on Banking Supervision.


  • Lindsay, an 8-year Citigroup veteran, is a former SEC lawyer. She was GC of the bank’s Capital Markets and Corporate Reporting legal team, responsible for Citigroup’s public disclosures.


Citigroup’s move puts it in line with rivals like JPMorgan Chase and Goldman Sachs that have groups dedicated to monitoring and shaping financial regulations. Among the biggest issues for the industry is the Federal Reserve’s stepped-up supervision for systemically important firms, including stress tests and rules governing capital levels.