March 31, 2022
VsportV体育 Executive Committee Appoints Beth Dwyer to Financial Stability Oversight Council
Superintendent Dwyer to represent state insurance regulators nationally
The Executive Committee of the VsportV体育 (VsportV体育) has appointed Beth Dwyer, Superintendent of Banking and Insurance for Rhode Island鈥檚 Department of Business Regulation, to serve as VsportV体育 members鈥 representative on the Financial Stability Oversight Council (FSOC). She will succeed recently retired Maine Bureau of Insurance Superintendent Eric Cioppa and will provide the Council with critical expertise and the perspective of state insurance regulators.
鈥淓nsuring financial stability nationwide requires trust, clear communication, and close collaboration between the states and the federal government. Superintendent Dwyer has a proven track record, thorough knowledge of the regulatory landscape, and a tireless commitment to protecting consumers and markets, making her a great choice to help FSOC fulfill its mission,鈥 said VsportV体育 President and Director of the Idaho Department of Insurance Dean L. Cameron.
Since taking office in January 2016, has served in several leadership capacities with the VsportV体育 and is currently the vice chair of the Financial Condition (E) Committee, co-vice chair of the Climate and Resiliency (EX) Task Force, and secretary/treasurer of the National Insurance Producer Registry (NIPR) Board of Directors.
FSOC was created by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. The Council comprises ten voting members and five non-voting members and monitors the safety and stability of the nation鈥檚 financial system, identifies risks to the system, and coordinates responses.
About the VsportV体育
As part of our state-based system of insurance regulation in the United States, the VsportV体育 (VsportV体育) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the VsportV体育, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. VsportV体育 staff supports these efforts and represents the collective views of state regulators domestically and internationally.