17:
223:. She opened the firm's New York office to serve global banks and investment houses, and was its partner-in-charge until 2016. In that year, she became chief executive of Promontory Europe, responsible or overseeing and directing the firm's operations in continental Europe. She became global head of strategy and chair of Promontory Financial Group Europe in 2019.
236:
In July 2016, McCaul discussed the
Vatican's financial reforms at the annual meeting of the Leadership Roundtable, a Catholic 501(c)(3) nonprofit organization that promotes best practices and accountability in church management, finances, and administration. McCaul said that in 2013, the year the
176:, a former Goldman Sachs colleague who had been appointed superintendent of banks. McCaul became acting superintendent in 1997 upon Levin's departure, and she continued in that capacity for two years. She established the department's Tokyo office, its second permanent office outside the U.S.
210:
In March 2003, McCaul announced that she would step down as superintendent after a short transition period, citing personal reasons. She had recently given birth to her fifth child. At the end of her tenure, McCaul had served eight years with the department and six years as its chief.
183:
nominated McCaul in
December 1999 to become superintendent. Her nomination was confirmed by the New York State Senate on June 7, 2000. The role involved regulating and supervising the state's 3,500 financial institutions. Her office established a claims processing office to assist
285:
initiatives and financial inclusion. As New York State
Banking Superintendent, she served as chairman of the Conference of State Bank Supervisors from 2001 to 2002 and was a member of the Federal Financial Institutions Examination Council from 2002 to 2003.
233:, which McCaul led. Within 48 hours of being hired, Promontory had a 25-person team in place in the bank president's ceremonial offices, charged with examining thousands of electronic and paper documents, including some that were written in Latin.
244:
On July 11, 2019, the
European Central Bank announced it had named McCaul to a non-renewable five-year term as a member of its supervisory board. The board plans and carries out the European Central Bank's responsibilities in overseeing the
206:
Inc. regarding its residential mortgage lending practices. The settlement, which provided $ 37 million in restitution to up to 25,000 New York borrowers, was at the time the largest predatory lending settlement recorded in the U.S.
237:
Vatican hired
Promontory, confidence in the church and its bank had been undermined by a lack of transparency, internal controls and adherence to international regulatory practices. The financial reforms advocated by
842:
241:
helped to make the church and its institutions more transparent, better governed, compliant with regulations and sustainable, she said, adding, “the days of ripping off the
Vatican are over."
561:
219:
In
September 2003, McCaul joined Promontory Financial Group, a consulting firm recently established in Washington, D.C. by former U.S. Comptroller of the Currency
574:
794:
763:
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McCaul oversaw initiatives to ensure that the New York banking system functioned well in the aftermath of the
September 11, 2001, terrorist attacks.
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survivors and their heirs who were trying to recover assets wrongfully held or stolen in World War II. Her office blocked a proposed merger of the
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With her husband, McCaul received the 2012 Humanitarian Award from the
Juvenile Diabetes Research Foundation's New York City chapter.
847:
141:
39:
422:"Superintendent Elizabeth McCaul Testifies On Proposed Claims Resolution Process For Holocaust Victims' Claims Against Swiss Banks"
744:
Cold Spring Harbor
Laboratory news release, "Three New Trustees Elected to Cold Spring Harbor Laboratory Board," December 11, 2014
852:
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84:
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Governor Pataki, Attorney General Spitzer Announce Historic $ 484 Million Settlement with Household International Inc.,
226:
During 2012 and 2013, McCaul headed a federally mandated review of mortgage foreclosure practices at Bank of America.
447:
145:
189:
770:
837:
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McCaul negotiated, along with several state attorneys general, a $ 484 million multistate settlement with
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since 2019. She previously served as superintendent of banks for New York state, and as the head of the
137:
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387:
278:
304:"New Members of the Supervisory Board Appointed," European Central Bank press release, July 11, 2019
753:
Accion press release, "Accion Welcomes Two New Board Members," June 22, 2015, found at Accion.org
274:
788:
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601:"Vatican Bank agrees landmark tax treaty with Italian regulators," The Guardian, April 2, 2015
589:
Carol Matlack (July 2, 2013). "A Money-Smuggling Scandal Threatens to Sink the Vatican Bank,"
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In 2013, the Vatican selected Promontory Financial Group to conduct a forensic review of the
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16:
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720:"Trustees of Hofstra University - Administration | Hofstra University, New York"
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and of Cold Spring Harbor Laboratory and is a member of the board of directors of
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In 1995, she joined the New York State Banking Department as chief of staff to
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356:"N.Y. Regulator to Set Up Tokyo Office; Move Said Unrelated to Asia Turmoil,"
185:
265:. She and her husband, Frank Ingrassia, are the parents of seven children.
246:
562:"Promontory Expands European Presence with Addition of Brussels Office,"
196:
until the banks promised to cooperate on the return of victims' assets.
486:
New York State Banking Department Press Release (October 11, 2002).
15:
388:"Recent Developments Affecting Depository Institutions," page 41
149:
575:"How Promontory Financial Became Banking's Shadow Regulator,"
160:
McCaul began her career in 1985 as an investment banker at
164:, where she specialized in energy and project financing.
144:. Before that, McCaul held senior executive positions at
843:
American chief executives of fashion industry companies
627:"Aiding the church's mission through better management"
526:"New York's Bank Regulator Will Give Up Her Post Soon,"
472:"New York's Bank Regulator Will Give Up Her Post Soon,"
405:"New York Regulator Proves She's Not Just 'Acting',"
372:"New York Regulator Proves She's Not Just 'Acting',"
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107:
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37:
26:
510:"McCaul Steps Down as N.Y.'s Top Bank Regulator,"
340:"McCaul Steps Down as N.Y.'s Top Bank Regulator,"
573:Jeff Horowitz and Maria Aspan (March 15, 2013).
651:"ECB hires ex-Goldman Sachs banker as watchdog"
550:https://www.promontory.com/our-firm/our-story
8:
809:"40th Annual Promise Ball Event Information"
679:http://www.promontory.com/Bios.aspx?id=1039
319:European Central Bank - Banking supervision
23:
448:"Swiss Banks Face Deadline And Sanctions"
138:European Central Bank's supervisory board
540:European Central Bank official biography
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793:: CS1 maint: archived copy as title (
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403:Jacqueline S. Gold (March 16, 2000).
370:Jacqueline S. Gold (March 16, 2000).
420:Elizabeth McCaul (January 19, 2001).
52:June 7, 2000 – June 10, 2003
7:
354:James R. Kraus (December 26, 1997).
281:, a global nonprofit that supports
386:Lynne Montgomery (December 2000).
14:
524:Staff Reporter (March 31, 2003).
168:New York State Banking Department
142:New York State Banking Department
470:Staff Reporter (March 31, 2003)
446:Sanger, David (March 26, 1998).
40:New York Superintendent of Banks
858:American women chief executives
560:Business Wire (June 1, 2011).
1:
508:Liz Moyer (March 28, 2003).
338:Liz Moyer (March 28, 2003).
251:European Banking Supervision
868:21st-century American women
863:American investment bankers
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215:Promontory Financial Group
146:Promontory Financial Group
190:Union Bank of Switzerland
136:has been a member of the
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90:
45:
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848:Boston University alumni
261:McCaul is a graduate of
735:. Retrieved 2015-02-05.
531:. Retrieved 2015-02-05.
477:. Retrieved 2015-02-05.
273:McCaul is a trustee of
269:Affiliations and honors
204:Household International
853:American women bankers
194:Swiss Bank Corporation
21:
580:Retrieved 2015-02-05.
564:Retrieved 2015-02-05.
515:Retrieved 2015-02-04.
499:Retrieved 2015-02-04.
410:Retrieved 2015-02-04.
394:Retrieved 2015-02-04.
377:Retrieved 2015-02-04.
361:Retrieved 2015-02-04.
345:Retrieved 2015-02-04.
20:Elizabeth McCaul 2023
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813:jdrf-nyc.ejoinme.org
529:Wall Street Journal.
392:FDIC Banking Review.
279:Accion International
475:Wall Street Journal
676:www.promontory.com
495:2015-02-05 at the
315:"Elizabeth McCaul"
275:Hofstra University
179:New York governor
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700:Missing or empty
263:Boston University
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95:Personal details
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771:the original
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657:. 2019-07-11
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634:. Retrieved
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625:Kirk, Emma.
620:
612:"Who We Are"
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321:. 2022-05-16
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283:microfinance
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249:banks under
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239:Pope Francis
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85:Diana Taylor
80:Succeeded by
47:
68:Preceded by
832:Categories
818:2015-02-05
780:2015-02-05
730:2014-08-13
684:2015-02-02
661:2023-05-10
636:2023-05-10
457:2009-02-12
432:2009-02-12
325:2023-05-10
293:References
247:eurozone's
117:Alma mater
73:Neil Levin
186:Holocaust
152:company.
48:In office
789:cite web
693:cite web
493:Archived
257:Personal
192:and the
108:Children
57:Governor
655:Reuters
156:Career
100:Spouse
774:(PDF)
767:(PDF)
148:, an
38:41st
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150:IBM
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