Guests: Tracy Basinger & Justin Wray



 Think big, start small!” Tune in to hear Tracy Basinger, executive vice president of the FRB’s Financial Institution Supervision and Credit Group (FISC) and Justin Wray, director of risk management for regional and community banks in FISC’s risk and policy analysis group as they discuss the Fed’s latest initiatives in technology, innovation, and the fintech space.

Listen as Tracy and Justin join host Michael Delucchi and discuss what’s changing in the industry, pain points, risk, opportunities, and engagement strategies for stakeholders.”

If you are a community bank executive, compliance professional, technology officer, or interested in what the FRB is doing in the way of technology, fintech, and innovation then this episode of ElevateTALKS is for you.

This episode was recorded on February 27, 2020 and due to the COVID-19 pandemic took some time to be edited and released

About Our Guests

Tracy Basinger serves as Executive Vice President of the Financial Institution Supervision and Credit (FISC) Group at the Federal Reserve Bank of San Francisco (SF Fed). In her role, Tracy oversees bank supervision and regulation for bank holding companies, state member banks, and foreign banking organizations throughout the Twelfth Federal Reserve District, as well as the provision of liquidity to the payment system by extending credit through the Federal Reserve’s discount window. She is a member of the Bank’s Executive Leadership Team.

 Tracy began her career at the SF Fed in 1989 as an associate examiner and since then has held a number of positions with increasing responsibilities. In 2001, she became a Bank Officer with responsibility for Consumer Compliance supervision. She was promoted to Vice President in 2008 and added oversight of the Safety and Soundness Examinations Teams to her portfolio.

Tracy was named Group Vice President in 2012 and took on additional responsibility for FISC’s Shared Support Services. In 2015, her responsibilities expanded further to include oversight of the Regulatory Applications and Financial Technology (Fintech) functions. Tracy also served as a Federal Reserve representative on the Basel Committee on Banking Supervision’s Task Force on fintech and led the System’s initial supervision initiative to research developments in fintech.

Prior to joining the Federal Reserve System, Tracy held various operational positions at financial institutions in California. She is a commissioned examiner and has a Bachelor of Science degree in Business Administration from California State University, East Bay.


Justin C. Wray is Director of Risk Management for Regional and Community Banks in FISC’s Risk and Policy Analysis Group. He joined the Federal Reserve Bank of San Francisco in 2014. Before assuming his current role, Justin served as Deputy Team Lead for Wholesale Credit in the LISCC program. Prior to that he was on the Wells Fargo Dedicated Supervisory Team in FISC.

Prior to joining the Federal Reserve, Justin spent 12 years as Global Head of Credit Risk for Securitization Finance and Regional Chief Credit Officer at Barclays, and six years as Vice President of Credit Risk Management and Advisory for Goldman Sach’s Financial Institutions Group. Justin also worked in public accounting for Coopers and Lybrand and Price Waterhouse.

He has an MBA in Finance and International Business from Columbia Business School and graduated Magna Cum Laude from Creighton University with a degree in Accounting. He is a Certified Public Accountant in the state of New York. Justin was selected as the inaugural recipient of FISC’s Teresa Curran Leadership Award. He is Co-Chair for the 12LGBTF Employee Resource Group.

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