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About

Jonathan McKernan

Jonathan McKernan

Jonathan McKernan was sworn in as a member of the Board of Directors on January 5, 2023. Mr. McKernan previously was a Counsel to Ranking Member Pat Toomey (R-PA) on the staff of the Senate Committee on Banking, Housing, and Urban Affairs. He also has served as a Senior Counsel at the Federal Housing Finance Agency, a Senior Policy Advisor at the Department of the Treasury, and a Senior Financial Policy Advisor to Senator Bob Corker (R-TN).

Prior to his government service, Mr. McKernan was an attorney in private practice focused on matters under the banking and consumer financial laws.

From November 2023 to May 2024, Director McKernan served as co–chairman of a Special Committee of the Board that oversaw an independent third-party review of allegations of sexual harassment and professional misconduct at the FDIC, as well as issues relating to the FDIC’s workplace culture.

Mr. McKernan holds a Bachelor of Arts and Master of Arts in economics from the University of Tennessee and a Juris Doctor with High Honors from the Duke University School of Law.

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Speeches, Statements & Testimony

Statement by Jonathan McKernan, Director, FDIC Board of Directors, on Oversight of Culture Transformation Efforts
Statement by Jonathan McKernan, Director, FDIC Board of Directors, on the Final Statement of Policy on Bank Merger Transactions
Statement by Jonathan McKernan, Director, FDIC Board of Directors, on Proposed Recordkeeping for Custodial Accounts
Statement by Jonathan McKernan, Director, FDIC, Board of Directors, on Prompt Accountability for Misconduct by FDIC Executives
Statement by Jonathan McKernan, Director, FDIC, Board of Directors, on the Proposed Brokered Deposit Restrictions
Statement by Jonathan McKernan, Director, FDIC, Board of Directors, on the Final Guidance for Resolution Plan Submissions of Triennial Full Filers
Statement by Jonathan McKernan, Director, FDIC, Board of Directors, on the Proposed Amendments to the Change in Bank Control Act Framework
Statement by Jonathan McKernan, Director, FDIC, Board of Directors, on the Proposed Amendments to Industrial Bank Rules
Joint Statement of Michael J. Hsu and Jonathan McKernan, Directors, FDIC Board of Directors before the Committee on Financial Services, United States House of Representatives
Remarks by Jonathan McKernan, Director, FDIC Board of Directors on "Oversight of the FDIC's Failed Leadership and Toxic Workplace Culture" before the Committee on Financial Services, United States House of Representatives
FDIC Special Review Committee Releases Independent Report on Workplace Misconduct and Culture
Statement by Jonathan McKernan, Director, FDIC, Board of Directors, on His Proposal to Enhance Monitoring of Compliance with Passivity Commitments and Other Conditions in FDIC-Control Comfort
FDIC Special Committee of the Board of Directors Appoints Three Non-Voting Members
Statement by Jonathan McKernan, Director, FDIC, Board of Directors, on the Proposed Statement of Policy on Bank Merger Transactions
Special Committee Provides Update on Third-Party Review
Remarks by Jonathan McKernan, Director, FDIC Board of Directors, at the Session on Financial Regulation at the Annual Meeting of the Association of American Law Schools
Remarks by Jonathan McKernan, Director, FDIC Board of Directors, at ISDA’s Conference on Trading Book Capital: Basel III Implementation
Special Committee of the FDIC Board Selects Cleary Gottlieb Steen & Hamilton LLP to Conduct Independent Review
Statement by the Special Committee of the FDIC Board on the Status of the Independent Review
FDIC Board of Directors Establishes Special Committee to Oversee Independent Review of Agency Culture
Joint Statement by Vice Chairman Travis Hill and Director Jonathan McKernan on Independent Review of FDIC Workplace Culture
Statement by Jonathan McKernan, Director, FDIC Board of Directors, on the FDIC Workplace Culture
Statement by Jonathan McKernan, Director, FDIC, Board of Directors on the Final Rule Implementing the Community Reinvestment Act
Statement by Jonathan McKernan, Director, FDIC Board of Directors on Climate Risk Guidance
Remarks by Jonathan McKernan, Director, FDIC Board of Directors, at the New York State Bar Association and Mayer Brown on the Basel Endgame and Long-Term Debt Proposals
Statement by Jonathan McKernan, Director, FDIC Board of Directors, on the Proposed Guidelines Establishing Standards for Corporate Governance and Risk Management
Statement by Jonathan McKernan, Director, FDIC Board of Directors, on the Proposed Long-term Debt Requirements for Certain Banking Organizations
Statement by Jonathan McKernan, Director, FDIC Board of Directors, on the Proposed Guidance for Resolution Plan Submissions of Triennial Full Filers
Statement by Jonathan McKernan, Director, FDIC Board of Directors, on the Proposed Resolution Submission Requirements for Certain Insured Depository Institutions
Statement by Jonathan McKernan, Director, FDIC Board of Directors, on Reinstating Board Oversight over Failed-Bank Resolutions
Statement by Jonathan McKernan, Member, FDIC Board of Directors, on the Proposed Amendments to the Capital Framework
Statement by Jonathan McKernan, Director, FDIC Board of Directors, on Third-Party Risk Management Guidance
Statement by Jonathan McKernan, Member, FDIC Board of Directors on the Proposed Special Assessment
Statement by Jonathan McKernan, Member, FDIC Board of Directors, On Resolution of First Republic Bank

Last Updated: August 27, 2024