Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero speaks at the DC Blockchain Summit in Washington, DC, on Tuesday, May 24, 2022.
Valerie Plesch | Bloomberg | Getty Images
President Joe Biden will nominate Christy Goldsmith Romero to succeed Martin Grunberg as head of the Federal Deposit Insurance Corporation.
The White House announcement Thursday comes as Grunberg’s term ends. Damaged by workplace abuse allegations This led to his resignation.
Goldsmith Romero is a long-time financial regulator who currently serves as a commissioner on the Commodity Futures Trading Commission, the U.S. financial derivatives regulator, and previously worked at the Treasury Department. She is also a law professor at Georgetown University.
Her previous nomination to the state financial regulator was unanimously confirmed by the Senate.
“She has proven herself to be a strong, independent and fair regulator who is not afraid to do the right thing,” Sen. Sherrod Brown, D-Ohio and chairman of the Senate Banking Committee, said in a statement.
Grunberg said last month he would resign from the FDIC after law firm Cleary Gottlieb Steen & Hamilton released an independent report based on more than 500 employee complaints that found stalking, harassment, homophobia and other violations of employment laws. event.
Complaints include a woman who said she was stalked by a co-worker who continued to harass her even after complaining about his behavior; a field office supervisor who called a gay man a “little girl”; a female field inspector Describes receiving a photo of the private parts of a senior FDIC inspector.
Republicans have been calling for Grunberg to step down since the allegations emerged late last year. The White House and Grunberg rejected those calls, in part because the FDIC is led by a five-member board of directors, and his resignation would hand control of the agency to the FDIC’s Republican vice chairman. Grunberg’s resignation will not become official until Goldsmith-Romero’s nomination is finalized.
“FDIC employees deserve a safe workplace that allows them to focus on their important mission of maintaining the nation’s financial security,” said senior Republican Senator Tim Scott. “Unfortunately, after Chairman Glenberg Under the leadership of , this was not the case.
The FDIC is one of the regulators of the U.S. banking system. The Depression-era agency is best known for administering the National Deposit Insurance Program, which insures Americans’ deposits up to $250,000 against bank failures.
About The Author
