DEFINITION of 'Commissioner Of Banking'

A commissioner that oversees all of the banks in a state. The commissioner of banking supervises the liquidation of insolvent banks and performs other administrative functions. In most states, the commissioner is not an elected position but is appointed, usually by the governor.

BREAKING DOWN 'Commissioner Of Banking'

The banking commissioner serves a similar role as the insurance commissioner, and those who hold this office may have political aspirations. This post is the final state authority in the banking industry, and the commissioner usually has the power to levy fines and penalties against delinquent or insolvent institutions.

RELATED TERMS
  1. Commissioners' Values

    Specific values that are assigned to securities as per the National ...
  2. Insurance Guaranty Association

    An organization that protects policyholders and claimants in ...
  3. Bank Failure

    The closing of an insolvent bank by a federal or state regulator. ...
  4. Annual Convention Blank

    The annual report that insurance carriers must file with the ...
  5. Functional Regulation

    A concept stating that a company with a specific business should ...
  6. Commissioners Standard Ordinary ...

    An actuarial table used to compute the minimum nonforfeiture ...
Related Articles
  1. Insights

    5 Top-Paid Sports Commissioners

    Guess who takes the top spot in this ranking of sports commissioners' salaries.
  2. Personal Finance

    What's the SEC?

    The Securities and Exchange Commission (SEC) is an independent agency of the United States government. The mission of the SEC is to enforce securities laws passed by congress. These laws aim ...
  3. Investing

    One of the Best Fund Investors of 2016? The Church of England!

    Church Commissioners, responsible for managing £7.9 billion for the Church, reported 17% returns in the past year.
  4. Investing

    Hamburg Asks FB to Delete Whatsapp Data For 35 Million Users

    Hamburg's data commissioner has asked Facebook to delete data pertaining to 35 million German users from Whatsapp, its popular messaging service.
  5. Insights

    Trump Nominates Net Neutrality Advocate to FCC

    Will it make a difference to the agency's stance on net neutrality?
  6. Taxes

    Understanding Insolvency

    Persons or businesses that cannot meet their financial obligations are insolvent.
  7. Insurance

    Regulators Tell DOJ to Block Anthem-Cigna Deal (ANTM, CI)

    Anthem and Cigna are facing opposition to their merger from California's Insurance Commissioner Dave Jones, who calls the deal anti-competitive.
  8. Insights

    Why Don’t Regulators Check All Financial Professionals?

    Reports indicate that there is a growing need for increased supervision of brokers.
  9. Investing

    HSBC Hit with $36 Million Fine (HSBC)

    The European Commission has fined the Hong Kong-based bank.
  10. Insights

    Understanding the SEC

    The SEC's triple mandate of investor protection, maintenance of orderly markets and facilitation of capital formation makes it a vital player in capital markets.
RELATED FAQS
  1. How is the Chairman of the Securities and Exchange Commission (SEC) chosen?

    Learn how the Chairman of the Securities and Exchange Commission is chosen, from presidential appointment to Senate confirmation. Read Answer >>
  2. What level of reserve ratios is typical for an insurance company to protect against ...

    Read about the NAIC-inspired risk-based capital, or RBC, requirements imposed on American insurance companies to safeguard ... Read Answer >>
  3. What is the average profit margin for a company in the banking sector?

    Learn what the average profit margin is for companies in the banking sector, along with other evaluation metrics often used ... Read Answer >>
  4. Are a bank's current assets counted as liquidity?

    Find out how bank assets are defined and how the Federal Reserve controls the definitions of, requirements for, and availability ... Read Answer >>
  5. How does investment banking differ from commercial banking?

    Discover how investment banking differs from commercial banking, the responsibilities of each and how the two can be combined ... Read Answer >>
  6. What is the difference between a bank's liquidity and its liquid assets?

    Understand the relationship between a bank's liquid assets and its liquidity and how the financial crisis demonstrated the ... Read Answer >>
Trading Center