Event Summary
Thomas M. Hoenig, vice chairman of the Federal Deposit Insurance Corporation (FDIC), gave a policy speech at the Peterson Institute for International Economics on January 20, 2016. He addressed the policy implications of various strategies for addressing resolvability and resilience of large, interconnected banking firms.
Hoenig was confirmed by the Senate as vice chairman of FDIC in November 2012. He joined the FDIC as a member of the FDIC Board of Directors for a six-year term in April 2012. He has also been serving as president of the International Association of Deposit Insurers since October 2015. Prior to serving at FDIC, Hoenig was the president of the Federal Reserve Bank of Kansas City and a member of the Federal Reserve System's Federal Open Market Committee from 1991 to 2011. His career with the Federal Reserve spanned over 38 years, beginning as an economist and then as a senior officer in banking supervision during the US banking crisis of the 1980s.