State Regulators Named to FFIEC's SLC
April 2 The Federal Financial Institutions Examination Council (FFIEC) announced on April 1 the appointment of three new members of the Council's State Liaison Committee (SLC). Thomas (Tom) Candon, NASCUS Past Chairman and Deputy Commissioner of Banking and Securities of the Vermont Department of Financial Regulation, was appointed to succeed Harold Feeney, Texas Credit Union Commissioner, as NASCUS' representative.
FFIEC also appointed Lauren Kingry, Superintendent of the Arizona Department of Financial Institutions to succeed John Munn, Director of the Nebraska Department of Banking and Finance as the Conference of State Bank Supervisors' (CSBS') representative. Michael Mach, Division of Banking Administrator for the Wisconsin Department of Financial Institutions was appointed to serve as the representative of the American Council of State Savings Supervisors (ACSS).
The FFIEC State Liaison Committee is comprised of five state regulators including a NASCUS representative. The FFIEC is comprised of the heads of NCUA, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the FDIC and the Office of Thrift Supervision. It was established to make recommendations to promote uniformity in the supervision of financial institutions.
NASCUS extends gratitude to Harold Feeney and John Munn for their service on the SLC these past two years as well as to NCUA Chairman Debbie Matz for her leadership as FFIEC Chairman since 2011.