Joseph Cox, Partner, Oliver Wyman.
Cox, who helped lead the Fed’s Novel Activities Supervision Program, will advise financial institutions on stablecoins and tokenized deposits from the firm's Washington, DC, office.
Oliver Wyman has appointed Joseph Cox, a former official from the Federal Reserve Board of Governors, as a partner in its Banking and Financial Services and Finance, Risk and Restructuring Practices. Based in Washington, DC, Cox will focus on advising financial institutions on digital assets, particularly in navigating the evolving landscape of stablecoins and tokenized deposits following the recent GENIUS Act.
The move brings a senior regulator into the private consulting sector at a time when financial firms are seeking specialized guidance on emerging financial technologies and the complex regulatory frameworks that govern them.
Before joining Oliver Wyman, Cox was instrumental in building and leading the Federal Reserve’s Novel Activities Supervision Program. The program is responsible for overseeing banks involved with cryptocurrencies, distributed ledger technology (DLT), and other fintech activities. In this capacity, he played a significant role in shaping the Fed’s supervisory approach and policy regarding crypto-asset custody and stablecoins.
"The passage of the GENIUS Act has created a transformative moment in how value is stored and transferred, with massive implications for banks, payment providers, and investors," Cox said in a statement. "I want to help clients find opportunities and solve challenges related to stablecoins, tokenized deposits, and crypto."
Cox's background at the Federal Reserve also includes leading the policy planning team for emerging domestic and international issues, as well as developing rules for stress testing and capital planning. He holds a Master of Public Policy from Georgetown University and a Bachelor of Arts from Duke University.
SOURCE: Oliver Wyman
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