Acting Chairman Martin J. Gruenberg Announces FDIC Priorities for 2022
Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg released last week the following statement and summary of the FDIC's priorities for the coming year: "The FDIC's core mission is to maintain stability and public confidence in the U.S. financial system. The FDIC carries out this mission through its responsibilities for deposit insurance, banking supervision, and the orderly resolution of failed banks, including systemically important financial institutions. Banking supervision encompasses safety and soundness and consumer protection, both of which are essential to this important mission. While there are many pressing issues the FDIC will have to address this year, key priorities are: the Community Reinvestment Act; climate change; the Bank Merger Act; crypto-assets; and the Basel III capital rule. All of these priorities will require close collaboration among the federal banking agencies. I also want to acknowledge the extraordinary dedication of the FDIC staff who will be critical to carrying forward the work on these priorities. In addition, I want to recognize Chairman Jelena McWilliams for her contributions to the FDIC, in particular for her commitment, which I share, to diversity and inclusion and minority depository institutions."