Lindsey Dietz, financial economist in supervision, regulation and credit, was named the 2020 recipient of the William Taylor Award for Excellence in Banking Supervision by the Board of Governors of the Federal Reserve.
Dietz was recognized for her work to improve the efficiency in the execution of stress test models. It put in place a new computer code infrastructure that “gave the Federal Reserve the flexibility it needed to run multiple versions of the stress test” during the COVID-19 pandemic. These technical improvements increased the effectiveness of stress tests and supported the analysis used by the Governing Council to make decisions regarding capital distributions in June 2020.
Lindsey’s efforts not only supported the system’s policy decision-making over the past year, but her work also helped position the stress test to remain a flexible tool going forward and enhanced our local stress test modeling expertise, ”said Ken Heinecke, vice president and deputy director. supervision at the Minneapolis Fed.
The William Taylor Award represents the “highest and most prestigious honor” of the supervisory function. Inspired by Taylor’s integrity and service to the Federal Reserve system, the award “recognizes individuals who have demonstrated sustained and extraordinary achievement and professionalism in the discharge of their responsibilities.”