WASHINGTON, D.C.—Today, Better Markets released a fact sheet titled “FDIC Chair Nominee, Christy Goldsmith Romero, Is Uniquely Highly Qualified” ahead of a Senate Banking Committee hearing on the nomination of Christy Goldsmith Romero to be Chairperson and Member of the Board of Directors of the Federal Deposit Insurance Corporation (FDIC). Dennis Kelleher, Co-founder, President and CEO, released the following statement.

“Christy Goldsmith Romero has the banking experience, securities and capital markets experience, derivatives experience, and law enforcement experience to lead the FDIC. Given that many of the banks the FDIC insures, supervises, and examines have activities and balance sheet positions involving securities, the capital markets, and derivatives, this is a rare and powerful combination of experiences for a nominee. Additionally, Goldsmith Romero’s no-nonsense, nonpartisan, inclusive, rigorous, and data-driven leadership style that holds people accountable is also exactly what the FDIC needs now.

“The FDIC has a critical role in our financial system: it insures more than $10 trillion in deposits and the FDIC sign of insurance is the gold standard, providing Main Street Americans with the trust and confidence to put their hard-earned money into the banking system. The FDIC also holds banks accountable for safety and soundness through supervision and regulation to protect America’s financial consumers and to prevent another financial crisis that devastates our economy. Given these responsibilities and recent reports of misconduct and toxic culture issues at the agency, the next chair of the FDIC must have the experience, toughness, and leadership skills to enact deep and lasting change. Christy Goldsmith Romero is uniquely qualified to do that.”

You can find the fact sheet here.

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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies—including many in finance—to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.org