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Published on May 02, 2024
Tennessee's Chief Financial Watchdog Greg Gonzales Appointed to FFIEC State Liaison CommitteeSource: Google Street View

The Federal Financial Institutions Examination Council (FFIEC) has added new firepower to its State Liaison Committee (SLC), handpicking Greg Gonzales, Tennessee's top financial watchdog, for a two-year tour of duty. The Tennessee Department of Financial Institutions confirmed Gonzales kicked off his term on May 1, charting a journey through to April 30, 2026, the agency announced yesterday.

As the chief regulatory officer since 2005 Greg Gonzales oversees all state-chartered depository and licensed non-depository financial institutions in Tennessee, his role extends as an overseer, a sage of sorts in the complex world of finance, he's worn the hats of assistant commissioner, general counsel for the Department, and now he returns to the FFIEC, a familiar ground where he previously served from 2016 to 2021 and notably steered the ship as SLC Chair for four of those years. Gonzales's robust résumé doesn't end there; he's chaired the Conference of State Bank Supervisors (CSBS), and dotted his career with roles on the U.S. Treasury’s Bank Secrecy Act Advisory Group, not to mention his ongoing commitments to the boards of the Tennessee Financial Literacy Commission and the Tennessee Collateral Pool Board.

Joining Gonzales are four other SLC members tasked with bridging state and federal oversight: SLC Chair Charles G. Cooper of Texas, Kevin Allard from Ohio, Yolanda Ford representing New York, and Susannah Marshall out of Arkansas, the variety in this committee reflects a mosaic of American financial oversight.

The FFIEC, born from the Financial Institutions Regulatory and Interest Rate Control Act of 1978, serves as the financial industry's North Star, guiding examination principles and standards for financial oversight, their mission extends to running educational programs for examiners, a cornerstone for federal, and state agencies ensuring the financial sector's integrity. The Council is a collective voice of six voting members, each leading a federal agency responsible for maintaining a steadfast, secure, and fair financial system for all.