WASHINGTON (5/2/14)--David Cotney, Massachusetts Commissioner of Banks, has been reappointed to the Federal Financial Institutions Examination Council's (FFIEC) State Liaison Committee (SLC).
Cotney was also selected to serve as SLC chairman for one year but can be elected for additional terms as leader. His SLC term is scheduled to end on April 30, 2016.
The SLC encourages the application of uniform examination principles and standards by state and federal agencies and allows state regulators to participate in the development of those principles and standards.
The group consists of five representatives of state financial institution regulatory agencies, and members are designated from the Conference of State Bank Supervisors, the American Council of State Savings Supervisors, the National Association of State Credit Union Supervisors and the FFIEC for two-year terms.
The FFIEC is comprised of the leaders of the National Credit Union Administration, the Federal Reserve Board, the office of the Comptroller of the Currency, the Office of Thrift Supervision and the Federal Deposit Insurance Corp.
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