Federal Reserve Board Governor Daniel K. Tarullo this week was named the 22nd chairman of the Federal Financial Institutions Examination Council (FFIEC).
Tarullo’s two-year term will run through the March of 2017. He succeeds Thomas J. Curry, comptroller of the currency at the OCC. The council also named FDIC chair Martin J. Gruenberg as its new vice chairman for the same two-year term.
“I look forward to working with the council to promote uniform supervisory principles and practices among federal and state banking regulators,” Tarullo said in a statement. “I intend to continue the important initiative on cybersecurity begun by Comptroller Curry during his chairmanship over the past two years.”
Before he was appointed to the Federal Reserve Board in 2009, Tarullo was professor of law at Georgetown University Law Center, where he taught courses in international financial regulation, international law and banking law. Earlier, he held several senior positions in the Clinton administration, including serving as a principal on both the National Economic Council and the National Security Council.
Tarullo most recently served as the vice chairman of the FFIEC from April of 2013 through March of this year.