Bret Afdahl, director of the South Dakota Division of Banking, has been named to the FDIC's Advisory Committee of State Regulators. The FDIC formed the new, 15-member Advisory Committee as another mechanism for state regulators and the FDIC to discuss a variety of current and emerging issues having potential implications for the regulation and supervision of state-chartered financial institutions.

The Advisory Committee is intended to facilitate regular discussion of safety and soundness and consumer protection issues, the creation of new banks, the protection of the nation's financial system from risks such as cyber-attacks or money laundering, and other timely issues.

“I fully intend to use this forum to continue discussions and to search for solutions to the challenges of small, rural communities maintaining full access to local banking services,” said Afdahl. “Anything we can do to keep community banks in our small communities will benefit the citizens of South Dakota and our country.” 

Committee members include regulators of state-chartered financial institutions from across the United States as well as other individuals with expertise in the regulation of state-chartered financial institutions. See the full list of committee members.