Coryann (“Cory”) Stefansson, Managing Director, is a leader in BlackRock’s Financial Markets Advisory Group. She is focused on assisting clients interpret and develop solutions to regulatory policies and assessments with a particular focus on foreign banking and Central Counterparty clients. Cory joined BlackRock after more than five years at PwC, where she advised large complex financial institutions, including the U.S. subsidiaries FBOs and Systemically Important Financial Market Utilities (SIFMUs). Cory co-led PwC’s Enhanced Prudential Standards (EPS) strategy, where she assisted the largest most complex FBOs develop solutions to the new supervisory requirements. Before her stint at PwC, Cory was the Associate Director at the Board of Governors of the Federal Reserve System, responsible for advising staff and the Governors on issues related to Systemically Important Financial Institutions (SIFIs), including supervisory policies, applications, enforcement actions, and examination strategies and approaches. Cory co-led the Supervisory Capital Assessment Program, the FRB’s first round of capital stress testing and the foundation of CCAR.
Prior to her responsibilities at the Board of Governors, Cory led Basel II implementation for the FRS from 2003 to mid-2007. She was a lead FRB representative in the interagency committee for development of the US version of Basel II rules and guidance. She was a key participant in the development of Supervisory Colleges. She served as the Board’s representative to the Accord Implementation Group and the Standards Implementation Group. Cory also held a number of leadership positions at the FRBNY in the Market Risk Group and in the Relationship function for large, complex banking organizations.
Cory has also held positions as a bank analyst, trader and derivatives broker. Her areas of expertise include corporate governance, risk management, stress testing, prudential standards and capital planning. She holds a BA from Purdue University.