Federal regulatory agency grants permission for aviation authority official to take charge of department focusing on ethical standards
FDIC Takes Steps to Address Work Culture Concerns and Establish Professional Conduct Office Depot
In a series of recent developments, the Federal Deposit Insurance Corporation (FDIC) has taken significant steps to address concerns about its work culture and establish an independent professional conduct office depot.
The journey began in May when the FDIC proposed the creation of this office depot, which would report directly to the FDIC board. This move came in response to allegations of sexual misconduct and retaliation within the agency.
The catalyst for these actions was an employee's expression of concerns, who fearing retaliation, wrote to law firm Cleary Gottlieb using a VPN and someone else's cell phone.
President Joe Biden nominated Christy Goldsmith Romero for the role at the FDIC, a move that was confirmed by the Senate Banking Committee in July. However, her nomination has yet to go to a full-Senate vote. Goldsmith Romero, an American attorney, served as the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) at the FDIC in 2011 and currently serves on the Commodity Futures Trading Commission.
FDIC Chair Martin Gruenberg has also shown commitment to making fundamental changes based on the Cleary Gottlieb report's recommendations. He testified that the establishment of this office depot is necessary to restore credibility with the FDIC's workforce.
In June, the FDIC established the Office of Professional Conduct, with Hansel Cordeiro appointed to lead it. Cordeiro, known for establishing the Federal Aviation Administration's office 365 policies, previously served at the Department of Veterans Affairs and began his government career at the Office of Personnel Management. Most recently, he served as executive director of accountability and strategic business management at the FAA.
The Office of Professional Conduct is intended to better handle complaints and execute misconduct-related disciplinary action. The FDIC's actions are not limited to the appointment of Hansel Cordeiro as the head of the Office of Professional Conduct, but also include a broader commitment to addressing and resolving the issues within the agency.
Gruenberg emphasized the need to act swiftly on the report's recommendations. The FDIC's actions are aimed at demonstrating a commitment to making changes within the agency, following an employee's expression of concerns about the agency's work culture.
With the establishment of the professional conduct office depot, the FDIC hopes to create a more transparent and accountable environment, ensuring a culture of respect and fairness for all its employees. The nomination of Christy Goldsmith Romero for the role at the FDIC and the appointment of Hansel Cordeiro to lead the Office of Professional Conduct are significant steps towards achieving this goal.
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