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FDIC's Supervision Chief Sandra Thompson to Step Down

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After seven years at post, Sandra Thompson will step down from her position as the Federal Deposit Insurance Corp.'s supervision chief.

"Following passage of the Dodd-Frank Act in 2010, the agency split management of its safety and soundness function from that of its monitoring of banks' consumer compliance. The organizational change resulted in two distinct divisions - the Division of Depositor and Consumer Protection and the Division of Risk Management Supervision - with Thompson heading the latter," writes American Banker's Joe Adler.

Thompson is leaving to take a position at the Federal Housing Finance Agency. FDIC veteran Doreen Eberley will succeed Thompson as the head of safety and soundness supervision.

Thompson "is an exemplary public servant who has demonstrated leadership, vision and a commitment to the FDIC's mission throughout her long career," FDIC Chairman Martin Gruenberg said in a press release. Thompson's final day at the FDIC is set for Feb. 1.

For the full piece see "FDIC's Longtime Head of Supervision to Leave" (may require subscription).

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