The Financial Stability Industry Council (FSIC) has appointed its first executive director, Don Truslow, the former chief risk officer for Wachovia. The mission of the FSIC is to serve as a forum in which chief risk officers of financial companies discuss and develop strategies to influence public policy related to systemic risk; to offer technical expertise to regulators in relation to risk management; and to promote the interests of such companies before the Financial Stability Oversight Council (FSOC), the Office of Financial Research, the Board of Governors of the Federal Reserve System and Congress.
“Don Truslow has been an integral member of the Roundtable since 1999, and we’re pleased to tap him to lead this critical new effort,” said Steve Bartlett, president and chief executive officer of the Roundtable. “The mission of the FSIC will be crucial in the years ahead as we work with regulators and policymakers to ensure that financial services firms are well positioned to strengthen the American economy and consumer.”
The Financial Services Roundtable represents 100 of the largest integrated financial services companies providing banking, insurance, and investment products and services to the American consumer. Member companies participate through the chief executive officer and other senior executives nominated by the chief executive officer.
Roundtable member companies provide fuel for America's economic engine, accounting directly for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs.
For more information, visit www.fsround.org/fsic/fsic.html.