The Federal Deposit Insurance Corporation published Acting Chairman Travis Hill’s opening statement to the United States Senate Committee on Banking, Housing, and Urban Affairs in connection with his nomination to serve as FDIC Chairman. Hill set out priorities for the agency’s regulatory and supervisory approach, framing them around a tighter focus on material financial risks, improved readiness to resolve large financial institutions, and adjustments to the capital framework. He said the FDIC has been working during his nine months as Acting Chairman to move supervision away from process and toward material risk identification, while advancing work to improve large-bank resolvability. Hill also highlighted that remediating workforce culture issues remains a key priority, citing lessons from three of the largest U.S. bank failures and the agency’s recent experience with significant rulemakings. Hill told the Committee that, if confirmed, he would work with Congress to ensure the FDIC continues to fulfill its safety-and-soundness and financial stability mission.
Federal Deposit Insurance Corporation 2025-10-30
Federal Deposit Insurance Corporation nominee Travis Hill outlines plans to refocus supervision and strengthen resolution readiness in Senate testimony
FDIC Acting Chairman Travis Hill outlined his priorities to the U.S. Senate Committee on Banking, Housing, and Urban Affairs amid his nomination for FDIC Chairman. Hill emphasized focusing on material financial risks, enhancing large-bank resolvability, and addressing workforce culture issues, drawing from recent major U.S. bank failures. He committed to collaborating with Congress to uphold the FDIC's safety-and-soundness and financial stability mission.