Christy Goldsmith Romero’s Confirmation Hearing Recap

During her Senate confirmation hearing, Christy Goldsmith Romero, President Biden’s nominee for the Federal Deposit Insurance Corporation, confidently addressed questions and issues, showcasing her readiness for the role.

Ms. Goldsmith Romero’s appearance before the Senate Banking Committee marked the initial stage of the process that could lead to her oversight of smaller banks and management of the fund safeguarding bank depositors’ funds. The agency has recently faced turmoil due to reports of systemic sexual harassment and misconduct.

Receiving bipartisan commendation, Ms. Goldsmith Romero’s testimony resonated positively with both Democrats and some Republicans, indicating a strong likelihood of her confirmation.

A seasoned lawyer, Ms. Goldsmith Romero’s career includes over a decade investigating fraud in banks that benefited from government bailout funds post the financial crisis. Her efforts often clashed with financial institutions and government officials concerned about the bailout’s public perception.

• She addressed inquiries regarding her qualifications to lead the F.D.I.C. and reform its internal culture.
• Questions arose about her stance on proposed capital requirement increases for major banks and her approach to drafting banking regulations post a Supreme Court ruling.
• Sen. Tim Scott and other Republicans had expressed concerns about her candidacy, with some urging the current F.D.I.C. chair’s immediate resignation in favor of a Republican appointee.