|For Immediate Release||May 1, 2015|
Kingry Elected as State Liaison Committee Chairman
The Federal Financial Institutions Examination Councilís (FFIEC or Council) State Liaison Committee (SLC) announced today the election of Lauren Kingry as its Chairman. The SLC Chairmanís term is a one-year period that begins May 1 and runs until April 30 of the following year. The SLC can re-elect their chairman for additional terms.
Kingry serves as the Superintendent of the Arizona Department of Financial Institutions. He was appointed on April 5, 2010, as the 28th Superintendent for Arizona and now serves under Governor Doug Ducey. Prior to his appointment, Kingry spent 39 years in commercial banking, with both community banks and large multi-state regional banks. Kingry serves as Treasurer of the Conference of State Bank Supervisors Board of Directors. He also serves on the boards of many state organizations in Arizona, including the Arizona Board of Investment, the Arizona State Deferred Compensation Committee, and the Public Safety Personnel Retirement System for the State of Arizona, where he is Chairman of the Investment Committee.
Kingry has been active on the SLC since 2013, when he was first confirmed by the Conference of State bank Supervisors for a two-year term that began on April 1, 2013. On April 1, 2015, Kingry was re-appointed for a second two-year term which runs through March 31, 2017.
The five-person SLC membership also includes:
The FFIEC was established in March 1979 to prescribe uniform principles, standards, and report forms and to promote uniformity in the supervision of financial institutions. It also conducts schools for examiners employed by the five federal member agencies represented on the FFIEC and makes those schools available to employees of state agencies that supervise financial institutions. The Council currently consists of the following six voting members: a member of the Board of Governors of the Federal Reserve System (Board), appointed by the Chairman of the Board; Chairman of the Federal Deposit Insurance Corporation; Director of the Consumer Financial Protection Bureau; the Comptroller of the Currency, Office of the Comptroller of the Currency; Chairman of the National Credit Union Administration; and the Chairman of the State Liaison Committee.
The SLC consists of five representatives of state banking agencies that supervise financial institutions 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 Council. An SLC member may have his or her two-year term extended by the appointing organization for an additional, consecutive two-year term.