NEW YORK (AP) 鈥� President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Greunberg as head of the Federal Deposit Insurance Corporation, after Gruenberg鈥檚 tenure became that led to him to resign.
A longtime financial regulator, Goldsmith Romero is currently a commissioner at the Commodity Futures Trading Commission, the nation鈥檚 financial derivatives regulator, and previously worked with the Department of Treasury. She also is a law professor at Georgetown University.
Her previous nominations to the nation's financial regulators were unanimously confirmed by the Senate.
鈥淪he has proven herself to be a strong, independent, and fair regulator who is not afraid to do what鈥檚 right," said Sen. Sherrod Brown, D-Ohio and chair of the Senate Banking Committee, in a statement.
Gruenberg last month said he would resign from the FDIC, after an independent report by law firm Cleary Gottlieb Steen & Hamilton found incidents of stalking, harassment, homophobia and other violations of employment regulations, based on more than 500 complaints from employees.
Complaints included a woman who said she was stalked by a coworker and continually harassed even after complaining about his behavior; a field office supervisor referring to gay men as 鈥渓ittle girls;鈥� and a female field examiner who described receiving a picture of an FDIC senior examiner鈥檚 private parts.
The FDIC is one of several U.S. banking system regulators. The Great Depression-era agency is best known for running the nation鈥檚 deposit insurance program, which insures Americans鈥� deposits up to $250,000 in case their bank fails.
Ken Sweet, The Associated Press
