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Biden nominee for FDIC pledges 'complete overhaul' of agency

Published 07/10/2024, 06:34 PM
Updated 07/10/2024, 06:50 PM
© Reuters. FILE PHOTO: Signs explaining Federal Deposit Insurance Corporation (FDIC) and other banking policies are shown on the counter of a bank in Westminster, Colorado November 3, 2009.  REUTERS/Rick Wilking (UNITED STATES BUSINESS)/File Photo

(Reuters) - President Joe Biden's nominee to take over the U.S. Federal Deposit Insurance Corporation is pledging to help remake the agency's workplace culture following a sexual harassment scandal that saw its current chairman offer to resign earlier this year, according to prepared testimony released late on Wednesday.

"I would prioritize a complete overhaul of the FDIC's workplace culture," Christy Goldsmith Romero, a current member of the Commodity Futures Trading Commission, said in prepared remarks that cited the results of an independent investigation.

© Reuters. FILE PHOTO: Signs explaining Federal Deposit Insurance Corporation (FDIC) and other banking policies are shown on the counter of a bank in Westminster, Colorado November 3, 2009.  REUTERS/Rick Wilking (UNITED STATES BUSINESS)/File Photo

"It must not continue, and I would bring accountability."

Goldsmith Romero is among officials due to appear Thursday for confirmation hearings before the Senate Banking Committee.

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