Regulation
10/10/2024

An Ex-Regulator Demystifies the Supervisory Process

Kathy Moe Lonowski, a former FDIC regional director who now serves on two bank boards, clarifies how directors can gain more from the regulatory relationship.

Emily McCormick
Vice President of Editorial & Research
Bank boards set all sorts of expectations for directors, from attendance and training to preparation for meetings. But fewer than half of the directors and CEOs responding to Bank Director’s 2024 Governance Best Practices Survey reported that their board sets expectations for engaging with regulators. That can lead to misconceptions about the supervisory relationship.   Kathy Moe Lonowski, a former regional director in the Federal Deposit Insurance Corp.’s San Francisco region, spent almost 40 years at the agency before retiring in 2023. But she wasn’t ready to exit banking: She joined two boards later that year, $151 billion Discover Financial Services,…

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WRITTEN BY

Emily McCormick

Vice President of Editorial & Research

Emily McCormick is Vice President of Editorial & Research for Bank Director. Emily oversees research projects, from in-depth reports to Bank Director’s annual surveys on M&A, risk, compensation, governance and technology. She also manages content for the Bank Services Program, including Bank Director’s Online Training Series. In addition to speaking and moderating discussions at Bank Director’s in-person and virtual events, Emily writes and edits for Bank Director magazine, BankDirector.com and Bank Director’s weekly newsletter, The Slant. She started her career in the circulation department at the Knoxville News-Sentinel and graduated summa cum laude from The University of Tennessee with a bachelor’s degree in Spanish and International Business.