FDIC adds 2 to systemic resolution advisory panel, which meets next week

Look for two new faces during next week’s meeting of the Federal Deposit Insurance Corp. (FDIC) Systemic Resolution Advisory Committee: Jon Cunliffe and Elke Koenig.

The two additions to the advisory committee were announced in a notice sent Tuesday reminding of the panel’s scheduled Dec. 5 meeting.

Cunliffe, the FDIC notes in a biography posted to its website, is the former deputy governor for financial stability for the Bank of England (having served in the post from 2013 to 2023); former UK Permanent Representative to the European Union; and former international economic advisor to two British prime ministers.

Koenig, the agency notes, is former chair of the Single Resolution Board (SRB) for the European Union (she served there from the board’s creation until this January); and former president of the German Federal Financial Supervisory Authority (BaFin).

With these two additions, there are now 19 members of the FDIC’s Systemic Resolution Advisory Committee (SRAC). The committee provides advice and recommendations to the agency on policy issues regarding the resolution of systemically important financial institutions.

A Nov. 14 Federal Register notice states the Dec. 5 meeting, slated to run from 9 a.m.-4:30 p.m. Eastern, will be viewable in person and via webcast.

Link for Dec. 6 webcast

FDIC Systemic Resolution Advisory Committee to Meet Next Week

SRAC web page