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TESTIMONY | FEBRUARY 26, 2026 |
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Statement by Chairman Travis Hill on Update from the Prudential Regulators: Rightsizing Regulation to Promote American Opportunity |
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The following statement was delivered before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.
Introduction
Chairman Scott, Ranking Member Warren, and Members of the Committee, I am pleased to appear at today’s hearing entitled “Update from the Prudential Regulators: Rightsizing Regulation to Promote American Opportunity.” I appreciate the opportunity to report on the Federal Deposit Insurance Corporation’s (FDIC) recent work to improve our regulatory and supervisory approach across a number of areas, while continuing to fulfill our core mission of insuring deposits, promoting the safety and soundness of banks, and resolving failed institutions.
Over the past year, the FDIC has made significant progress on reforming supervision so it is less process-driven and more focused on core financial risks; engaging in a thoughtful review of our regulations, guidance, and manuals; reevaluating numerous aspects of our resolution and receivership management functions; and promoting the prudent adoption of innovative and transformative technologies in the financial services sector. Going forward, we will continue to work to drive economic growth and access to capital, while fulfilling our critical role in promoting a safe, sound, and resilient banking system.
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