WASHINGTON (5/2/13)--Michigan Department of Insurance and Financial Services Banking Office Director Karen Lawson has been appointed to a two-year term on the Federal Financial Institutions Examination Council's (FFIEC) five-member State Liaison Committee (SLC).
Lawson replaces Charles Vice, Commissioner of the Kentucky Department of Financial Institutions, on the panel.
The SLC is a five-member panel of state financial regulatory agencies that works to encourage the application of uniform examination principles and standards by state and federal agencies and allows state regulators to participate in the development of those principles and standards.
The SLC consists of five representatives of state financial institution regulatory agencies, and members are designated from the Conference of State Bank Supervisors, the American Council of State Savings Supervisors, the National Association of State Credit Union Supervisors, and the FFIEC for two-year terms.
The FFIEC is comprised of the leaders of the National Credit Union Administration, the Federal Reserve Board, the office of the Comptroller of the Currency, the Office of Thrift Supervision and the Federal Deposit Insurance Corp.
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