Release Date: June 30, 2011
For immediate release
Mark Bialek has been appointed inspector general of the Board of Governors of the Federal Reserve System and the Bureau of Consumer Financial Protection, effective July 25. He will lead the Office of Inspector General staff in promoting the economy, efficiency, and effectiveness of the Board's and Bureau's programs and operations and in preventing and detecting waste, fraud, and abuse.
Bialek succeeds Elizabeth A. Coleman, who retired on May 2 after nearly 22 years of service at the Board, four as inspector general. Bialek has more than 30 years of experience in the inspector general community. Most recently, he served as deputy inspector general of the Environmental Protection Agency (EPA). He also served as the acting deputy inspector general, the associate deputy inspector general, and counsel to the inspector general of the EPA.
The Office of Inspector General was established by the Congress as an independent oversight authority within the Board. In addition, the Dodd-Frank Wall Street Reform and Consumer Protection Act designated the office as the oversight authority for the Bureau, a rulemaking and enforcement agency financed by, but autonomous from, the Federal Reserve.
Prior to joining the EPA, Bialek served for 12 years as deputy counsel to the inspector general of the Department of State and for eight years as associate counsel to the inspector general of the Department of Commerce. He holds a J.D. from the Antioch School of Law in Washington, D.C., and a B.S. from Suffolk University in Boston, Mass.
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