Before that, she was Massachusetts Governor Deval Patrick's homeland security advisor, guiding regional planning and the state's first interoperability plan, and overseeing the National Guard.
At the heart of their plan is the idea that a single national regulator would take responsibility for overseeing the insolvency of a big international bank, a so-called GSIFI (don't ask) - which is an attempt to prevent a repetition of the uncertainty and confusion caused after Lehman collapsed in 2008.