As Jelena McWilliams prepares to leave office after an eventful three and a half years as FDIC chairman, she sat down with the ABA Banking Journal for a conversation on her tenure at the agency. While 2018 wasn’t that long ago, it feels worlds away—in terms of the time-is-a-flat-circle nature of the pandemic, but also in the landscape of bank innovation and racial justice.
In part one of this two-part interview, McWilliams discusses:
- Where bank innovation stands in 2022 and how initiatives like FDITech are shaping the policy framework for innovation.
- Early results from FDITech initiatives around real-time data reporting and third-party due diligence.
- The agency’s progress on standing up a standard-setting organization that can streamline vendor risk management and “challeng[e]core processors” to be more agile.
- The future of remote versus on-site FDIC exams in the post-COVID environment.
- A behind-the-scenes look at how the FDIC responded to the early days of the pandemic, including issuing guidance on troubled debt restructurings.
If you can’t see the audio player above, click here to listen to this week’s episode. Listen to part two here.
In this episode:
Jelena McWilliams FDIC Chairman
Evan Sparks
Editor-in-Chief
ABA Banking Journal
