State Regulators Support McWilliams for FDIC Chair
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today endorsed the nomination of Jelena McWilliams to lead the Federal Deposit Insurance Corp.
CSBS President and CEO John Ryan: “Jelena McWilliams has demonstrated a deep knowledge of community banking in her previous public policy roles. CSBS and our members have appreciated the opportunity to work with Ms. McWilliams during her time with the Senate Banking Committee. From our work with her, we know she has a great appreciation for the dual banking system and for the roles state charted banks and state regulators play in the U.S. economy. Most state charted banks are FDIC regulated, and we look forward to working with her to ensure safety, soundness and economic development on behalf of the consumer and business alike.”
In addition to serving as the chief counsel at the Senate Banking Committee, McWilliams was a Federal Reserve Board of Governors lawyer and currently is chief legal officer at Fifth Third Bank.
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The Conference of State Bank Supervisors (CSBS) is the national organization of bank regulators from all 50 states, American Samoa, District of Columbia, Guam, Puerto Rico and U.S. Virgin Islands. State regulators supervise roughly three-quarters of all U.S. banks and a variety of non- depository financial services. CSBS, on behalf of state regulators, also operates the Nationwide Multistate Licensing System to license and register non-depository financial service providers in the mortgage, money services businesses, consumer finance and debt industries.