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Board of Directors

Jonathan McKernan

Director
Federal Deposit Insurance Corporation

Last Updated: April 25, 2024
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Jonathan McKernan

Jonathan McKernan was sworn in as a member of the Board of Directors of the Federal Deposit Insurance Corporation 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 from 2021 to 2022. He also has served as a Senior Counsel at the Federal Housing Finance Agency from 2019 to 2021, a Senior Policy Advisor at the Department of the Treasury from 2018 to 2019, and a Senior Financial Policy Advisor to Senator Bob Corker (R-TN) from 2017 to 2018.

Prior to his government service, from 2007 to 2017, Mr. McKernan was an attorney in private practice focused on matters under the banking and consumer financial laws.

Director McKernan also serves as co–chairman of a Special Committee overseeing an independent third-party review into allegations of sexual harassment and professional misconduct at the FDIC, as well as issues relating to the workplace culture at the agency.

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

April 25, 2024 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
March 22, 2024 FDIC Special Committee of the Board of Directors Appoints Three Non-Voting Members
March 21, 2024 Statement by Jonathan McKernan, Director, FDIC, Board of Directors, on the Proposed Statement of Policy on Bank Merger Transactions
February 15, 2024 Special Committee Provides Update on Third-Party Review
January 5, 2024 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

December 12, 2023 Remarks by Jonathan McKernan, Director, FDIC Board of Directors, at ISDA's Conference on Trading Book Capital: Basel III Implementation
December 11, 2023 Special Committee of the FDIC Board Selects Cleary Gottlieb Steen & Hamilton LLP to Conduct Independent Review
December 5, 2023 Statement by the Special Committee of the FDIC Board on the Status of the Independent Review
November 21, 2023 FDIC Board of Directors Establishes Special Committee to Oversee Independent Review of Agency Culture
November 16, 2023 Joint Statement by Vice Chairman Travis Hill and Director Jonathan McKernan on Independent Review of FDIC Workplace Culture
November 15, 2023 Statement by Jonathan McKernan, Director, FDIC Board of Directors, on the FDIC Workplace Culture
November 15, 2023 Joint Statement by Vice Chairman Travis Hill and Director Jonathan McKernan on FDIC Workplace Culture
October 24, 2023 Statement by Jonathan McKernan, Director, FDIC, Board of Directors on the Final Rule Implementing the Community Reinvestment Act
October 24, 2023 Statement by Jonathan McKernan, Director, FDIC Board of Directors on Climate Risk Guidance
October 4, 2023 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
October 3, 2023 Statement by Jonathan McKernan, Director, FDIC Board of Directors, on the Proposed Guidelines Establishing Standards for Corporate Governance and Risk Management
August 29, 2023 Statement by Jonathan McKernan, Director, FDIC Board of Directors, on the Proposed Long-term Debt Requirements for Certain Banking Organizations
August 29, 2023 Statement by Jonathan McKernan, Director, FDIC Board of Directors, on the Proposed Resolution Submission Requirements for Certain Insured Depository Institutions
August 29, 2023 Statement by Jonathan McKernan, Director, FDIC Board of Directors, on the Proposed Guidance for Resolution Plan Submissions of Triennial Full Filers
August 29, 2023 Statement by Jonathan McKernan, Director, FDIC Board of Directors, on the Reinstating Board Oversight over Failed-Bank Resolutions
July 27, 2023 Statement by Jonathan McKernan, Member, FDIC Board of Directors, on the Proposed Amendments to the Capital Framework
June 6, 2023 Statement by Jonathan McKernan, Director, FDIC Board of Directors, on Third-Party Risk Management Guidance
May 11, 2023 Statement by Jonathan McKernan, Director, FDIC Board of Directors, on the Proposed Special Assessment
May 1, 2023 Statement by Jonathan McKernan, Director, FDIC Board of Directors, on Resolution of First Republic Bank