Hearings
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Enhancing Safety and Soundness: Lessons Learned and Opportunities for Continued Improvement

Financial Institutions and Consumer Protection

Wednesday, June 15, 2011
10:00 AM - 12:00 PM
538 Dirksen Senate Office Building

[view archive webcast]

At 10:00 a.m. on Wednesday, June 15, 2011 in Room 538, Dirksen Senate Office Building, the COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS SUBCOMMITTEE ON FINANCIAL INSTITUTIONS AND CONSUMER PROTECTION

will meet in OPEN SESSION to conduct a hearing entitled “Enhancing Safety and Soundness: Lessons Learned and Opportunities for Continued Improvement.” The witnesses on Panel I will be: Mr. Michael Foley, Senior Associate Director, Banking Supervision and Regulation Division, Board of Governors of the Federal Reserve System; Mr. Christopher J. Spoth, Senior Deputy Director, Division of Risk Management Supervision, Federal Deposit Insurance Corporation; and Mr David Wilson, Deputy Comptroller for Credit and Market Risk, Office of the Comptroller of the Currency. The witnesses on Panel II will be: Mr. Salvatore Marranca, President and Chief Executive Officer, Cattraugus County Bank, Little Valley, New York; and Mr. Frank A Suellentrop, Chairman and President, Legacy Bank, Wichita, KS. Additional witnesses may be announced.

All hearings are webcasted live and Individuals with disabilities who require an auxiliary aid or service, including closed captioning service for webcast hearings, should contact the committee clerk at 202-224-7391 at least three business days in advance of the hearing date.

Witnesses

Panel 1

  • Mr. Michael Foley [view testimony]
    Senior Associate Director
    Banking Supervision and Regulation Division, Board of Governors of the Federal Reserve System
  • Mr. Christopher Spoth [view testimony]
    Senior Deputy Director, Division of Risk Management Supervision
    Federal Deposit Insurance Corporation
  • Mr. David Wilson [view testimony]
    Deputy Comptroller for Credit and Market Risk
    Office of the Comptroller of the Currency

Panel 2

  • Mr. Salvatore Marranca [view testimony]
    President and Chief Executive Officer
    Cattraugus County Bank, Little Valley, New York
  • Mr. Frank Suellentrop [view testimony]
    Chairman and President
    Legacy Bank