The former head of the statistics function and senior advisor to the director of research at the Federal Reserve Bank of New York, Kenneth Lamar was recently named an independent senior advisor to the Deloitte Center for Regulatory Strategies. Based in New York, he will advise financial institutions—largely banks—on regulatory reporting, data infrastructure, and regulatory expectations for data architectures.
Over the last 15 years, Lamar was responsible for most of the New York Fed’s data collections systems and data quality programs. He also held several leadership positions in the Federal Reserve System that supported the design of data collections, associated quality assurance programs, and technical implementation of data collections.
As part of his past leadership roles, Lamar has managed close relationships with other federal regulators, trade groups, and financial services firms. The scope of his knowledge also covers primary dealer reporting, foreign exchange and derivative reporting, and legal entity reporting.
“Deloitte’s concentration on strong data governance in risk management, regulatory compliance, and remediation made it a great fit for me,” said Lamar. “I look forward to helping Deloitte’s US financial services clients strengthen and enhance their regulatory reporting and data infrastructures.”
Lamar’s technical knowledge of data collection includes financial statement and holding company reporting requirements; financial stability data collections; deposit reporting, including Federal Reserve Regulation D; cross border and international position data; and counterparty exposure reporting.
His experience in leading data operations includes building data ingestion systems and data quality programs. Lamar has also developed data management practices and has worked on data maturity models with capability maturity model integration (CMMI). Concepts he has developed for industry-wide adoption cover accountability models, quality assurance functions, point of origin reviews, and enhanced internal audit programs.
The Deloitte Center for Regulatory Strategies (the Center) provides valuable insight to help organizations in the financial services, health care, life sciences, and energy industries keep abreast of emerging regulatory and compliance requirements, regulatory implementation leading practices, and other regulatory trends. Home to a team of experienced executives, former regulators, and Deloitte professionals with extensive experience helping clients solve complex regulatory issues, the Center exists to bring relevant information and specialized perspectives to our clients through a range of media including thought leadership, research, forums, webcasts, and events.