The Federal Financial Institutions Examination Council announced today the appointment of two new members of the State Liaison Committee (SLC): Sarah Bloom Raskin, Commissioner, Maryland Office of Financial Regulation; and Charles A. Vice, Commissioner, Kentucky Department of Financial Institutions. The Council confirmed their nominations upon consideration of many factors including: their current responsibility for or previous experience in regulating different types of depository financial institutions; having committee members who collectively have broad experience in the various areas of council responsibility, e.g., international, consumer compliance, etc.; and achieving various technical expertise, e.g. accounting, financial institution management, legal, etc.

Commissioner Sarah Bloom Raskin replaces Eric McClure, who resigned December 2008, and will finish the remainder of his two-year term which expires on April 30, 2010. Sarah Bloom Raskin was appointed Maryland Commissioner of the Office of Financial Regulation in August of 2007. Previously Sarah Bloom Raskin served as managing director of Promontory Financial Group where she worked with banks and other financial institutions on regulatory, governance, ethics, consumer, and other issues. In addition, she served as counsel to the United States Senate Committee on Banking, Housing, and Urban Affairs where she worked on banking and consumer protection issues.

Commissioner Charles A. Vice replaces Mick Thompson whose first full term expired on April 30, 2009. The first two-year term for Charles A. Vice runs from May 1, 2009 through April 30, 2011. Charles A. Vice was appointed Kentucky Commissioner of the Department of Financial Institutions in August of 2008. As Commissioner, he has responsibility for the regulatory oversight of all state-chartered financial institutions. Previously, Charles A. Vice served as a bank examiner for the Federal Deposit Insurance Corporation for 18 years in the Lexington field office.