WASHINGTON — John P. Ducrest, commissioner of the Louisiana Office of Financial Institutions, has been reappointed to serve a second term on the Financial Stability Oversight Council.
The FSOC was established under the Dodd-Frank Act to monitor systemic risk in the banking industry. The council is made up of ten voting members and five non-voting members, including one non-voting state commissioner chosen by the state commissioners. Non-voting members serve two-year terms.
Ducrest was first appointed to the council in March 2012 to finish a term held by
"Commissioner Ducrest has played a very valuable role serving on the FSOC," said John W. Ryan, president and chief executive of the Conference of State Bank Supervisors. "As a state financial regulator he brings to the FSOC a local perspective of financial supervision that is necessary as the Council seeks to regulate systemic risks to the nation's economy."
Ducrest has more than 30 years of bank supervision experience and has served as banking commissioner in Louisiana since 2004. He is also immediate past chairman at the CSBS.
