Statement from John Ryan on FDIC’s Tom Hoenig
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today thanked Tom Hoenig for his service as vice chairman of the Federal Deposit Insurance Corp.
CSBS President and CEO John Ryan: “Tom Hoenig has been the nation’s thought leader on systemic risk in the banking system. During and after the financial crisis, he held firm on the principle that the competitive advantage of the American banking system should be based on a well-capitalized system and not a race to higher and higher leverage.
“He has been a voice of reason for community banks, recognizing they should not be burdened with regulatory approaches designed for systemic institutions. And with his leadership, state regulators have been able to better focus their efforts on safety, soundness and economic development on behalf of the consumer and business alike.”
Media Contact: Susanna Barnett, 202-407-7156, firstname.lastname@example.org.
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.