The new Federal Deposit Insurance Corporation (FDIC) acting chair under President Donald Trump laid out a series of priorities aimed at streamlining the agency’s approach to bank oversight in a statement on Jan. 21.
Travis Hill was appointed Monday by Trump to succeed Martin Gruenberg in an acting role. He has previously served as the FDIC’s vice chair since 2023 and was a senior adviser to then-Chairman Jelena McWilliams.
“It is my honor and privilege to serve as Acting Chairman of the FDIC,” Hill said in the statement released by the agency. “While the FDIC faces a broad range of issues, and as always will fulfill our mandate to promote a safe, sound, and resilient banking system, below is a list of matters I expect the FDIC to focus on in the coming weeks and months.”
Hill’s newly announced agenda highlights changes to several high-profile policies. He intends to conduct a wholesale review of FDIC rules, including evaluating capital and liquidity requirements for banks.
He also plans to improve the merger approval process and replace the 2024 Statement of Policy, with the goal of approving transactions deemed to meet the Bank Merger Act in a more timely fashion. […]
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