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Comptroller Jonathan Gould outlines six priorities, urges focus on execution and community banks
Summary
At his first in‑person FDIC board meeting, Comptroller Jonathan Gould outlined six priorities: rebuilding resolution execution, clarifying deposit insurance fund management, addressing agency culture, reforming deposit insurance application reviews, supporting state bank preemption rights, and updating bank funding categories, and he emphasized support for community banks.
Comptroller Jonathan Gould used his first in‑person meeting at the Federal Deposit Insurance Corporation board to lay out six priorities he said he will pursue in coordination with the acting chairman and Director Vought.
Gould’s priorities, in his words, are: 1) rebuilding resolution execution capabilities, which he distinguished from resolution planning; 2) clarifying the agency’s approach to managing the deposit insurance fund and the methodologies used to calculate insurance premiums and ratings; 3) addressing remaining issues around agency culture and supporting ongoing reforms; 4) reforming the FDIC’s approach to evaluating deposit insurance applications to make the process less of an impediment to new bank charters; 5) supporting state bank preemption rights, including preemption under section 27 of the Federal Deposit Insurance Act; and 6) updating the agency’s understanding of bank funding and deposit categories to improve liquidity risk prediction.
On resolution execution, Gould said he wanted to “distinguish specifically here between resolution execution, the ability to take actions that facilitate orderly resolution, and resolution planning, the hypothetical exercise of how an organization would or should fail,” and expressed skepticism about the efficacy and, in some cases, the legality of current planning requirements.
Gould also emphasized that insurance premiums should be clear and fair, asserting that past methodologies “have at times lacked clarity and have spawned litigation, gaming, or both.” He urged the FDIC and the OCC to align processes for de novo bank applications and to set clear time frames for agency reviews.
Gould closed by stressing the importance of community banks — that the FDIC supervises more community banks than any other federal banking agency — and said regulation and supervision should be better tailored to those institutions.
His remarks were delivered at the start of the open meeting. Gould thanked the acting chairman for the opportunity to speak and said he looked forward to working together on the listed priorities.
