FDIC Chair Jelena McWilliams "challenged" the FDIC to increase its efforts to understand and address "the needs of our communities and the banks that serve them." Ms. McWilliams also described broad agency efforts to strengthen the financial system. In testimony before the ...
STATEMENT OF JELENA MCWILLIAMS CHAIRMAN FEDERAL DEPOSIT INSURANCE CORPORATION on OVERSIGHT OF FINANCIAL REGULATORS before the COMMITTEE ON BANKING, HOUSING and URBAN AFFAIRS U.S. SENATE May 15, 2019 538 Dirksen Senate Office Building Chairman Crapo, Ranking Member Brown, and members of the ...
On December 5, 2016, the FDIC published a final rule, "Recordkeeping for Timely Deposit Insurance Determination" (Part 370 of the FDIC Rules and Regulations), to ensure that the FDIC can quickly determine the amount of insured deposits if any bank covered by the rule should fail. Thirty ...
FDIC Chair Jelena McWilliams discussed the Volcker Rule, the Economic Growth, Regulatory Relief and Consumer Protection Act ("EGRRCPA"), FinTech products and international coordination. In remarks at the Institute of International Bankers Annual Washington Conference, Ms. McWilliams said ...
Thank you for the invitation to speak here this afternoon. The list of topics and speakers at today's event is rather impressive, and I welcome the opportunity to engage and share my views. To say that the financial system is interconnected on a global scale would be an understatement. The ...
Remarks by Jelena McWilliams Chairman Federal Deposit Insurance Corporation at the Florida Bankers Association Leadership Dinner "Banking on the American Dream" Miami, Florida January 31, 2019 Good evening. Thank you so much for the invitation to speak here tonight. It has been eight ...
FDIC Chair Jelena McWilliams highlighted agency priorities to ensure that banks offer "affordable, responsible financial products and services to consumers across the spectrum." In remarks at the Florida Bankers Association Leadership Dinner, Ms. McWilliams stated that the agency's ...
FDIC Chair Jelena McWilliams underscored principles of certainty, consistency, diligence and communication in regulatory supervision. In remarks at the annual meeting of the American Bar Association's Banking Law Committee, Ms. McWilliams emphasized that the FDIC's rules must be clear to ...
Good afternoon. Thank you for inviting me to speak here today. As the primary supervisor of the majority of the nation’s small and medium-size banks, the FDIC oversees a segment of the banking system that plays a vital role in communities across the country. Through our back-up examination ...
FDIC Chair Jelena McWilliams stated that the FDIC plans to streamline resolution (i.e., living will) requirements for U.S. global systemically important banking organizations ("GSIBs") and regional banks. In remarks before the 2018 Annual Conference of The Clearing House and Bank Policy ...
Good afternoon. I am pleased to join you for today's conference. The FDIC has a long and proud history as a resolution authority for banks and insured depository institutions. During its 85 years, the FDIC has resolved more than 2,700 institutions with assets of more than $1 trillion and ...
Introduction Good afternoon. I am pleased to join you for today's conference. The FDIC has a long and proud history as a resolution authority for banks and insured depository institutions. During its 85 years, the FDIC has resolved more than 2,700 institutions with assets of more than $1 ...
FDIC Chair Jelena McWilliams outlined the risks and benefits associated with the migration of financial products and services from banks to nonbanks. In remarks at the Finance, Law and Policy Fourth Annual Financial Stability Conference, Ms. McWilliams stated that a substantial migration of ...
I would like to thank the Office of Financial Research and the Michigan Center for Finance, Law, and Policy for the opportunity to speak with you today. This conference is an excellent opportunity to discuss trends affecting financial services and how regulators should respond to those trends. The ...
FDIC Chair Jelena McWilliams urged regulators and industry innovators to work together to "increase the velocity of transformation" to ensure that "banks are safe and sound and consumers sufficiently protected." In remarks delivered at the FinTech and the New Financial Landscape ...
Introduction I am very pleased to join you today. I would like to thank President Patrick Harker for hosting this important event on the role of fintechs. Every time people mention the word "fintech," there is an aura of science fiction to it. And yet, technology in financial services is ...
Federal banking regulators testified before the U.S. Senate Committee on Banking, Housing and Urban Affairs on progress toward implementing the Economic Growth, Regulatory Relief and Consumer Protection Act (the "Act"). As previously covered, the Act makes targeted changes to key areas of ...
Chairman Crapo, Ranking Member Brown, and members of the Committee, thank you for the opportunity to testify today on, the Economic Growth, Regulatory Relief, and Consumer Protection Act (the "Act"), which was signed into law on May 24th. I want to congratulate Chairman Crapo and other ...
By a vote of 69 to 24, the Senate confirmed Jelena McWilliams as Chair of the FDIC. Ms. McWilliams takes over the role from Martin Gruenberg. Ms. McWilliams worked previously as the Executive Vice President and Chief Legal Officer of Fifth Third Bank in Cincinnati, Ohio. Prior to that, she worked ...
In executive session, the Senate Committee on Banking, Housing, and Urban Affairs considered the following nominations: Ms. Jelena McWilliams to be Chairperson and a Member of the Board of Directors of the Federal Deposit Insurance Corporation, Dr. Marvin Goodfriend to be a Member of the Board of ...