The Wall Street Journal reported late Monday that Christy Goldsmith Romero, who is in charge of derivatives, is the clear favourite to lead the Federal Deposit Insurance Corp. after Chair Martin Gruenberg quit.
Gruenberg said at the end of last month that he would step down once a new leader is chosen. An independent report that was very harsh found a “hostile, abusive, unprofessional,” and misogynistic work environment at the banking regulator. This led to calls for Gruenberg’s removal.
Goldsmith Romero is on the Commodity Futures Trading Commission right now. He was a special inspector general for the Troubled Asset Relief Programme before that.
The Journal said that Goldsmith Romero is at the top of a list of three women that White House officials are considering for the job. An official announcement could come as early as this week.
She would be in charge of changing the FDIC’s work culture, among other things. Last year, the Wall Street Journal was the first to report on the agency’s toxic culture. This led to an independent investigation that found widespread cases of harassment, stalking, and favouritism at work.
