KY commissioner joins FDIC’s state regulators’ committee – which meets next week

The top financial regulator for Kentucky is the newest member of the advisory committee of state regulators for the federal insurer of bank deposits, the agency announced Friday.

Charles Vice, commissioner of the Kentucky Department of Financial Institutions (DFI), will join 14 other state regulators on the committee (the Advisory Committee of State Regulators, or ACSR) – which holds its next meeting Oct. 6, the Federal Deposit Insurance Corp. (FDIC) also said Friday.

As DFI commissioner, Vice has responsibility for the regulatory oversight of all Kentucky state-chartered financial institutions, which includes examinations, licensing of financial professionals, registration of securities, and enforcement.

The meeting next week of the regulators’ group, the FDIC said, includes a discussion of state banking conditions; an update from the FDIC’s Office of Innovation (FDITECH); a dialogue regarding state and federal coordination; a report on FDIC research relating to community banking; and an update on minority and community development banking.

FDIC Names Charles Vice to Advisory Committee of State Regulators

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