The inaugural meeting of the Federal Deposit Insurance Corporations (FDIC) Subcommittee on Supervision Modernization took place in Washington, D.C. yesterday and today. Noor Menai, President and CEO of CTBC Bank USA, by invitation of FDIC Chairman Jelena McWilliams, joined the subcommittee.
The subcommittee was established to support the FDICs Advisory Committee on Community Banking by considering how the FDIC can leverage technology and refine processes to make the examination program more efficient, while managing and training a geographically dispersed workforce.
The initial two-day meeting consisted of an overview of the FDIC and its structure, a discussion of the current bank examination program, and a review of existing technology and data sources relied on to conduct examinations. Here is a link to the FDIC announcement including Chairman McWilliams statement.
Other subcommittee members are:
- Michael Bartkoski, Chief Operating Officer, nbkc Bank;
- W. Bennett Bradley, Manager of Operations & Shared Services, BB&T
- Lyn Farrell, Regulatory Strategy Advisor, Hummingbird;
- Matt Grasser, Chief Technologist, RegTech for Regulators Accelerator;
- Dave Hanrahan, former President and CEO, Capital Bank of New Jersey;
- Bradley Jacobs, Advisor, Bay Area Start-ups;
- Bill Kroener, Senior Counsel at Sullivan & Cromwell;
- Dawn Manley, Chief of Staff for Global Strategic Initiatives and Products, Splunk;
- Mark Moylan, Senior Director for Chain Bridge Partners LLC;
- Scott Mullins, Head of Worldwide Financial Services Business Development, Amazon Web Services;
- Christopher Radich, Director of Digital Strategy, SalesForce;
- Nancy Rubin, Dean Continuing Education and Distance Education, Northwestern Health Sciences University;
- Karen Solomon, Senior Counsel at Covington and Burling LLP;
- Vivian Yeung, Chief Digital & Technology Officer, Fremont Bank
The subcommittee will meet in person at least three times in 2019, with possible conference calls or smaller group briefings scheduled to supplement in-person discussions. Bios are all committee members are here.
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public conï¬dence in the nations banking system. The FDIC insures deposits at the nations banks and savings associations, 5,406 as December 31, 2018. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollarsinsured financial institutions fund its operations.
About CTBC Bank Corp. (USA)
CTBC Bank USA is a trusted and established institution providing commercial and retail customers with a real financial bridge to the next state of their lives and businesses. Founded in 1989 and headquartered in Los Angeles, CTBC Bank operates branches in California, New Jersey, and New York. The banks operations include deposits, loans, credit cards, foreign exchange, letters of credit, wealth management, mobile, and electronic banking services. Customers benefit from access to large bank resources coupled with individual attention and customized service of a small bank. Its parent company, CTBC Bank Co. Ltd., is supported by more than $125 billion in assets and is among the largest banks in the world in terms of capital. For more information about CTBC Bank, visit www.ctbcbankusa.com.
David Barr, FDIC
E. [email protected]
+1 (202) 898-6992
Dan Margolis, for CTBC Bank USA
E: [email protected]
+1 (213) 452-6472