Otting, McWilliams to give opening remarks for July 25 forum in Washington

Joseph Otting and Jelena McWilliams are slated to give opening remarks before a forum hosted jointly by their federal bank regulatory and deposit insurance agencies July 25 addressing topics of interest to the mutual bank industry.

McWilliams, the recently installed chairman of the Federal Deposit Insurance Corp. (FDIC), and Joseph Otting, head of the Office of the Comptroller of the Currency (OCC), are included in two slots on the program, the Joint Mutual Forum.

Both regulators are scheduled to deliver their opening remarks beginning at 8:30 a.m. ET, and to wrap up by 9:35 a.m., in the Constitution Center Auditorium at OCC headquarters. From 2:15 – 3:30 p.m., the two are scheduled to lead their own sessions on agency-specific issues. McWilliams will lead the “Conversation with the Chairman,” and Otting will lead an update session that will include “implementation of charter flexibility provisions.”

Other sessions will be led by industry and agency representatives and address topics such as supervision risk management, liquidity and interest rate risk, the current-expected-credit-loss (CECL) accounting standard, compliance updates.

The OCC/FDIC Joint Mutual Forum is aimed at promoting the operations of mutual depository institutions and to discuss industry trends, including regulatory and supervisory updates. Attendance is open to executives of mutual and stock institutions owned by mutual holding companies.

A welcome reception is scheduled the evening of July 24.

OCC/FDIC Joint Mutual Forum (July)