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State Banking Regulators Call for Confirmation of Nominee for FDIC Chair

"The FDIC plays a critical role in promoting and ensuring the health of the dual banking system. Most state-chartered banks elect to be nonmember banks supervised by the states and FDIC, and these institutions are overwhelmingly community banks."
CSBS Letter to Senate Banking Committee Leadership
"The FDIC plays a critical role in promoting and ensuring the health of the dual banking system. Most state-chartered banks elect to be nonmember banks supervised by the states and FDIC, and these institutions are overwhelmingly community banks."
CSBS Letter to Senate Banking Committee Leadership

The Conference of State Bank Supervisors ("CSBS") urged the Senate to quickly confirm Travis Hill as the next Chair of the Federal Deposit Insurance Corporation ("FDIC").

In a letter to Senate Banking Committee Chair Tim Scott and Ranking Member Elizabeth Warren, the CSBS underscored the FDIC’s essential role in maintaining a strong and balanced dual (state/federal) banking system, noting that most state-chartered nonmember banks—predominantly community institutions—depend on effective coordination between state regulators and the FDIC.

The organization commended Mr. Hill for his previous work to strengthen these interagency relationships and to promote stability across regional and national supervisory functions. In particular, the CSBS emphasized Mr. Hill’s commitment to regulatory tailoring and that his focus on aligning supervisory efforts with material risks makes him well suited to guide the FDIC at a critical time. 

Primary Sources

  1. CSBS: Comment Letter: On the Nomination of Travis Hill

Tags

Regulated Activities
Employee Matters
Sub-Activity
Regulatory Personnel Changes
Regulated Entities
Regulatory Agencies
Body of Law
Banking Law
Jurisdiction
US - Federal
Organization
Regulators' Associations
Sub-Author
CSBS