Comptroller of the Currency Congratulates Jelena McWilliams on Her Confirmation as Chairman of the Federal Deposit Insurance Corporation

WASHINGTON—Comptroller of the Currency Joseph M. Otting released the following statement on the U.S. Senate’s confirmation of Jelena McWilliams as Chairman of the Federal Deposit Insurance Corporation (FDIC).

Congratulations to Jelena McWilliams on being confirmed as the Chairman of the Federal Deposit Insurance Corporation.

Chairman McWilliams will bring a breath of fresh air, energetic leadership, and a real spirit of collaboration to the agency and the board and to our interagency regulatory process.

I look forward to a positive relationship and to open and constructive communication as we work closely together to eliminate unnecessary regulatory burden so that the nation’s banks and savings associations can realize their full potential as a positive force for job creation and economic opportunity by serving the needs of consumers, businesses, and communities across the country.

I also commend the outgoing FDIC Chairman Marty Gruenberg on his tenure and service to the nation, which helped ensure our banking system remains safe and sound, provides fair access, and treats customers fairly. Chairman Gruenberg saw the FDIC through one of the most challenging periods in its 85-year history. I look forward to serving alongside him as a member of the board through the completion of his term in November.