David Cotney, the commissioner of banks for the state of Massachusetts, was recently reappointed to serve as head of the Federal Financial Institutions Examination Council’s (FFIEC) state liaison committee.
Cotney, whose term is set to expire in 2016, will serve as chairman for one year but can be elected to additional terms on the committee, which seeks to standardize examination principles and standards for regulators.
Cotney has more than 20 years of experience with the Massachusetts Division of Banks. Previously, he served as the COO, senior deputy commissioner for administration and policy and deputy commissioner in a number of the division’s operating units.
In 2007, Cotney was named the first committee representative to serve on the FFIEC’s consumer compliance taskforce. He served as the taskforce’s chairman for two terms from 2010 to 2012.
The FFIEC state liaison committee consists of five representatives who are designated from the Conference of State Bank Supervisors, the American Council of State Savings Supervisors, the National Association of State Credit Supervision and the FDIC.
Current members include Thomas Candon, the deputy commissioner of banking and securities of the Vermont Department of Financial Regulation; Karen Lawson, the director of the Michigan Department of Insurance and Financial Services’ Office of Banking; Lauren Kingry, the superintendent of the Arizona Department of Financial Institutions; and Michael Mach, the administrator of banking for the Wisconsin Department of Financial Institutions.