US FDIC names five new members to its Systemic Resolution Advisory Committee

We are delighted to note that Starling advisor, Gary Cohn, has been named to the Systemic Resolution Advisory Committee (SRAC) of the US Federal Deposit Insurance Corporation.  (FDIC)  The SRAC was created by the FDIC’s Board of Directors in 2011, under authority of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).  The Committee is tasked with providing advice and recommendations on a broad range of issues regarding the resolution of systemically important financial companies.

Cohn, past President & COO of Goldman Sachs and Assistant to the President for Economic Policy and Director of the National Economic Council in the White House, joins new Committee members:

• Dr. Ben S. Bernanke, Distinguished Fellow in residence with the Economic Studies Program at the Brookings Institution, Former Chairman of the Board of Governors of the Federal Reserve System;
• Hon. Robert Drain, United States Bankruptcy Judge, Southern District of New York;
• Timothy J. Mayopoulos, President of Blend, Former President and Chief Executive Officer of Fannie Mae; and
• Sandie O’Connor, Former Chief Regulatory Affairs Officer for JPMorgan Chase & Co.

“The FDIC is fortunate to have these distinguished individuals join this Advisory Committee. Their collective knowledge will be a tremendously valuable resource for us to draw on,” said FDIC Chairman Jelena McWilliams.