FDIC Vice Chairman Hoenig Elected President of IADI — 2015-10-30

The International Association of Deposit Insurers (IADI) has elected FDIC Vice Chairman Thomas M. Hoenig to serve as its President and as the Chairman of its Executive Council for a two-year term. The election took place at IADI's annual general meetings held Oct. 25-30 in Kuala Lumpur, Malaysia. Mr. Hoenig, who has represented the FDIC at IADI since 2012, will remain as Vice Chairman of the FDIC. "I am honored to have been selected to serve as President of IADI, which is now recognized as the global standard-setting body for deposit insurance by all the major public international financial institutions, including the Financial Stability Board, the Basel Committee for Banking Supervision, the International Monetary Fund and the World Bank," Mr. Hoenig said.