The Federal Deposit Insurance Corporation released Acting Chairman Travis Hill’s opening statement to the United States Senate Committee on Banking, Housing, and Urban Affairs, delivered as part of his nomination to serve as FDIC Chairman. Hill said the agency is working to refocus supervision on material financial risks rather than process, improve readiness to resolve large financial institutions, and make adjustments to the capital framework while continuing to pursue the FDIC’s safety-and-soundness and financial stability mandate. The statement referenced lessons from three of the largest US bank failures during his tenure as Vice Chairman since January 2023 and described remediation of deep-seated workforce culture issues as a continuing agency priority. Hill also pointed to his prior policy roles at the FDIC and experience on the Senate Banking Committee, framing a preference for a tailored regulatory approach that balances banks’ ability to take risks with maintaining a safe and resilient banking system. Hill asked the Committee to support his confirmation and said he would work with Congress to ensure the FDIC continues to fulfill its mission.
Federal Deposit Insurance Corporation 2025-10-30
Federal Deposit Insurance Corporation nominee Travis Hill outlines supervisory reform and resolution priorities in Senate testimony
FDIC Acting Chairman Travis Hill, in his Senate nomination statement, emphasized refocusing supervision on material financial risks, improving readiness to resolve large institutions, and adjusting the capital framework. Hill highlighted lessons from major bank failures, ongoing workforce culture remediation, and advocated for a tailored regulatory approach balancing risk-taking with banking system resilience.