Supervisory Risk and Surveillance
Federal Reserve Bank of Dallas
Jill Cetina is vice president in Banking Supervision at the Federal Reserve Bank of Dallas, where she provides leadership for the surveillance and supervisory risk division at the Bank, spanning both quantitative analysis and specialty exam areas.
Cetina began her career as an economist in the U.S. Treasury Department, where she spent a decade in both the international and domestic divisions, working on financial market surveillance, foreign sovereign debt restructurings and later Treasury debt management. She also worked as a project team leader at the Federal Reserve Board and earned a Board special achievement award during the 2008–09 financial crisis. She then served as a financial economist in the Economics Department at the Office of the Comptroller of the Currency in Washington D.C. Most recently, she worked as an associate director at the Office of Financial Research and led a team focused on policy-oriented research on bank and non-bank financial institutions.
Cetina earned a BA from Grinnell College in Iowa and a Master of Public Affairs from Princeton University in New Jersey. She holds a Chartered Financial Analyst designation and has published research on banking topics.
- “Stressed to the Core: Counterparty Concentrations and Systemic Losses in CDS Markets,” with Mark Paddrik and Sriram Rajan, Journal of Financial Stability, Volume 35, April 2018.
- “Do Higher Capital Standards Always Reduce Bank Risk? The Impact of Basel Leverage Ratio on the Triparty Repo Market,” with Meraj Allahrakha and Benjamin Munyan, Journal of Financial Intermediation, Volume 34, April 2018.
- "The Influence of Systemic Importance Indicators on Banks' Credit Default Swap Spreads," with Bert Loudis, Journal of Risk Management in Financial Institutions, Volume 9, No. 1, January 2016.
- "Stress Tests to Promote Financial Stability: Assessing Progress and Looking Towards the Future," with Rick Bookstaber, Greg Feldberg, Mark Flood, and Paul Glasserman, Journal of Risk Management in Financial Institutions, Volume 7, No. 1 Winter 2014.
Chapter, with Katherine Gleason, in Liquidity Risk Management and Supervision: A Guide to Better Practice, Risk Books, December 2015
- "The Eﬀects of the Volcker Rule on Corporate Bond Trading: Evidence from the Underwriting Exemption," with Meraj Allahrakha, Benjamin Munyan, and Sumudu W. Watugala, OFR and Dallas Fed Working Paper, July 2019
- "Size Alone is Not Sufficient to Identify Systemically Important Banks," OFR Viewpoint Papers, 17-04, October 2017
- "Capital Buffers and the Future of Bank Stress Tests," with Bert Loudis and Charles Taylor, OFR Brief Series, 17-02, February 2017.
- "Mind the Gaps: What Do New Disclosures Tell Us About Life Insurers' Use of Off-Balance Sheet Captives?" with Arthur Fliegelman, Jonathan Glicoes, and Ruth Leung1 OFR Brief Series, 16-02, March 2016.
- "Making Supervisory Stress Tests More Macroprudential: Considering Liquidity and Solvency Interactions and Systemic Risk," (workpaper chairperson), Basel Committee on Bank Supervision Working Paper 29, November 2015
- "The Difficult Business of Measuring Banks' Liquidity: Understanding the Liquidity Coverage Ratio," with Katherine Gleason, OFR Working Paper 15-20, October 2015.
- "Incorporating Liquidity Shocks and Feedbacks in Bank Stress Tests," OFR Brief Series, 15-06, July 2015.
- "More Transparency Needed for Banks’ Capital Relief Trades," with John McDonough, and Sriram Rajan, OFR Brief Series, 15-04, June 2015.
- "Liquidity Stress Testing: A Survey of Theory, Empirics and Current Industry and Supervisory Practices," Basel Committee on Banking Supervision Working Paper No. 24, October 2013.
Dallas Fed Publications
- "Corporate Indebtedness: Improving Financial Stability Monitoring," with Alex Musatov, Dallas Fed Economics, May 23, 2019.
Contact Jill Cetina