Kentucky Department of Financial Institutions
Kentucky Banking Commissioner Appointed to National Regulatory Boards

Press Release Date:  Monday, December 06, 2010  
Contact Information:  Kelly May, Public Information Officer
502-573-3390 x252
800-223-2579 x252
kelly.may@ky.gov
 


   FRANKFORT, Ky. – (Dec. 6, 2010) – Department of Financial Institutions (DFI) Commissioner Charles A. Vice was recently appointed treasurer of three influential national bank regulatory boards.

   Vice was unanimously selected treasurer of the board of the Conference of State Bank Supervisors (CSBS) during a Nov. 30 meeting. CSBS is the nationwide organization for state bank supervision, representing the bank regulators of the 50 states, the District of Columbia, Guam, Puerto Rico and the Virgin Islands, and approximately 6,000 state-chartered financial institutions. Vice has been a member of the board of CSBS since 2009.

   Complementing this role, Vice will also serve as treasurer on the State Regulatory Registry LLC (SRR) Board of Managers as well as the Education Foundation of State Bank Supervisors (EFSBS). The SRR operates the Nationwide Mortgage Licensing System and Registry on behalf of state financial regulators. The EFSBS sponsors professional training programs for state banking department examiners and senior staff.

   Vice’s term on all three boards expires at the end of May 2011. Serving as treasurer on the CSBS board is a track toward becoming chairman in several years.

   “I’m honored to serve as treasurer of these important organizations,” said Vice. “Through effective regulation, we can protect consumers and strengthen the banking industry in Kentucky and across the nation.”

   In addition, Vice has served since 2009 as chairman of CSBS District II region, representing the views of the nine-state district at the CSBS board meetings.  He is a member of the Federal Financial Institution Examination Council’s (FFIEC) State Liaison Committee, which develops principles, standards and report forms for the examination of financial institutions, as well as the FFIEC Taskforce on Supervision, which oversees guidance regarding safety and soundness issues relating to bank examinations.

   Vice was appointed commissioner of Kentucky DFI in August 2008. He was an employee of the Federal Deposit Insurance Corporation (FDIC) for 18 years, serving in the Lexington field office. During his tenure with the FDIC, Vice served as the office's expert on subprime lending and capital markets. He earned a bachelor’s degree in finance from the University of Southern Mississippi in 1990 and graduated from Biloxi High School in 1985.

   DFI is an agency in the Public Protection Cabinet. It supervises the financial services industry by examining, chartering, licensing and registering various financial institutions, securities firms and professionals operating in Kentucky. DFI’s mission is to serve Kentucky residents and protect their financial interests by maintaining a stable financial industry, continuing effective and efficient regulatory oversight, promoting consumer confidence, and encouraging economic opportunities.

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