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Texas Banking Commissioner Re-appointed to FSOC - texas department of banking commissioner

Texas Banking Commissioner Re-appointed to FSOC-texas department of banking commissioner

Texas Banking Commissioner Re-appointed to FSOC
Sep 15, 2022
Washington, D.C.-- State bank supervisors have re-appointed Texas Department of
Banking Commissioner Charles G. Cooper to serve as the state banking representative on
the Financial Stability Oversight Council (FSOC). This is Commissioner Cooper's third
consecutive term as the state banking representative.
"In today's dynamic environment, regulatory coordination is critical for a safe and well-
functioning financial system. Commissioner Cooper brings a tremendous amount of
experience and knowledge to the FSOC, and his presence strengthens connections
between state regulators and federal regulatory partners as our nation continues to
navigate complex issues and economic conditions," said James M. Cooper, CSBS
president and CEO. "Charles' understanding of the nation's financial system is
Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act created the
FSOC to monitor the safety and stability of the nation's financial system, identify risks to
the system and coordinate responses to any threat. The Dodd-Frank Act requires one of
the five non-voting members of the FSOC be a state banking supervisor, to be selected
by state banking supervisors.
"I am honored to continue my service as a member of the FSOC and grateful for the
support of my fellow state commissioners," said Commissioner Cooper. "I look forward to
representing the state system and bringing its important perspective and experience to
the FSOC's critical work."
Cooper's career in the banking industry spans more than 50 years, beginning as an
examiner with the Federal Deposit Insurance Corporation and transitioning into to the
private sector, serving as a banking executive, board member, educator and professional
consultant to the industry. In 2008, he was appointed Texas Banking Commissioner.
Cooper is Chair Emeritus of the CSBS Board of Directors. He also serves as the state
representative on the Financial and Banking Information Infrastructure Committee (FBIIC)
and is heavily involved in promoting cybersecurity efforts in the financial sector.
As Texas Banking Commissioner, Cooper's responsibilities include the chartering,
regulation, supervision, and examination of 213 Texas state-chartered banks (as of June.
30, 2022), with aggregate assets of approximately $419.3 billion. The Department also
supervises money service businesses, among other areas.
A native Texan, Commissioner Cooper holds a BBA degree in Finance and Economics from
Baylor University and is a graduate of the Southwestern Graduate School of Banking at
Contact: Laura Fisher, 202- 812-9813, lfisher@csbs.org
Twitter: @CSBSNews
The Conference of State Bank Supervisors (CSBS) is the national organization of bank
regulators from all 50 states, American Samoa, District of Columbia, Guam, Puerto Rico
and U.S. Virgin Islands. State regulators supervise roughly three-quarters of all U.S. banks
and a variety of non-depository financial services. CSBS, on behalf of state regulators,
also operates the Nationwide Multistate Licensing System to license and register non-
depository financial service providers in the mortgage, money services businesses,
consumer finance and debt industries.
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