What Happened?
Washington, DC-based Federal Deposit Insurance Corporation Promoted Martin Henning as Acting Chief Information Officer
About the Company
The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.
About the Person
Martin Henning is responsible for the collection, processing, and distribution of information collected from insured financial institutions. Most recently he led the successful implementation of a new inter-agency process for managing quarterly financial statement submissions from U.S. banks. The new process makes extensive use of XBRL and other Internet-based standards to significantly improve communication between reporters and regulators. The new process has resulted in regulator receipt of high quality data earlier, at a lower cost, with little impact on the reporters. Martin began his career with the FDIC over fifteen years ago as a bank examiner in Orange County, California. He has been involved in several technology initiatives at the FDIC ranging from the development of examination software to web-based economic data delivery tools. Martin has also been an instructor for the FDIC in technological, and management excellence seminars. Martin has a bachelor’s degree in business administration from the University of San Diego and a masters degree in information systems technology from George Washington University. He now lives in Arlington, Virginia with his wife and three sons.
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