The Conference of State Bank Supervisors (CSBS) has re-appointed Texas Department of Banking Commissioner Charles G. Cooper to serve his second two-year term as the state banking representative on the Financial Stability Oversight Council (FSOC). Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act created the FSOC to monitor the safety and stability of the nation’s financial system, identify risks to the system and coordinate responses to any threat. The law requires one of the five non-voting members of the FSOC to be a state banking supervisor, selected by state banking supervisors.
Cooper’s career in the banking industry spans almost 50 years, beginning as an examiner with the Federal Deposit Insurance Corp. and transitioning to the private sector, serving as a banking executive, board member, educator and professional consultant to the industry. In 2008, he was appointed Texas banking commissioner. His responsibilities include the chartering, regulation, supervision and examination of 217 Texas state-chartered banks with aggregate assets of approximately $319.8 billion. The department also supervises money services businesses, as well as other non-depository financial service providers.
Cooper serves on the CSBS board and as vice chair of State Regulatory Registry LLC. He is chair emeritus of CSBS. A native Texan, he holds a BBA degree in finance and economics from Baylor University and is a graduate of the Southwestern Graduate School of Banking at Southern Methodist University.
“Commissioner Cooper is a valuable contributor to the vital work of the FSOC,” says John W. Ryan, CSBS president and CEO. “He is a leader on issues that impact the state system, like cybersecurity, and brings not just supervisory but industry experience. The state system will continue to be well-served.”
“I am honored to be re-appointed to serve as a member of the FSOC and look forward to continuing to work alongside the members of the council on important matters of the U.S. financial system,” Cooper says.