The Conference of State Bank Supervisors (CSBS) has re-appointed Texas Department of Banking Commissioner Charles G. Cooper to serve as the state banking representative on the Financial Stability Oversight Council (FSOC). This is his third consecutive term as the state banking representative.
“In today’s dynamic environment, regulatory coordination is critical for a safe and well-functioning financial system. Commissioner Cooper brings a tremendous amount of experience and knowledge to the FSOC, and his presence strengthens connections between state regulators and federal regulatory partners as our nation continues to navigate complex issues and economic conditions,” says James M. Cooper, CSBS president and CEO. “Charles’ understanding of the nation’s financial system is incomparable.”
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 Dodd-Frank Act requires one of the five non-voting members of the FSOC be a state banking supervisor, to be selected by state banking supervisors.
“I am honored to continue my service as a member of the FSOC and grateful for the support of my fellow state commissioners,” Cooper says. “I look forward to representing the state system and bringing its important perspective and experience to the FSOC’s critical work.”
Cooper’s career in the banking industry spans more than 50 years, beginning as an examiner with the Federal Deposit Insurance Corp. and transitioning into 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. Cooper is chair emeritus of the CSBS board of directors. He also serves as the state representative on the Financial and Banking Information Infrastructure Committee (FBIIC) and is heavily involved in promoting cybersecurity efforts in the financial sector.
As Texas banking commissioner, Cooper’s responsibilities include the chartering, regulation, supervision and examination of 213 Texas state-chartered banks (as of June 30, 2022), with aggregate assets of approximately $419.3 billion. The department also supervises money-service businesses, among other areas.
A native Texan, Cooper holds a BBA degree in finance and economics from Baylor University.
