Commissioner Of Banking

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. Functional Regulation

    A concept stating that a company with a specific business should ...
  5. Annual Convention Blank

    The annual report that insurance carriers must file with the ...
  6. Commissioners Standard Ordinary ...

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

    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 ...
  2. Personal Finance

    State Guarantee Associations: The Payer of Last Resort

    What's covered and what happens if your insurance company is in financial trouble and can't pay your claim?
  3. Economics

    Understanding Insolvency

    Persons or businesses that cannot meet their financial obligations are insolvent.
  4. Professionals

    The Administrator

    North American Securities Administrators Association (NASAA) As the name indicates, NASAA is an organization of securities Administrators. The term "Administrator" is a generic title ...
  5. Professionals

    National Conference of Commissioners on Uniform State Laws (NCCUSL)

    FINRA/NASAA Series 63 - National Conference of Commissioners on Uniform State Laws (NCCUSL). In this section National Conference of Commissioners on Uniform State Laws and federal and state securities ...
  6. Economics

    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.
  7. Personal Finance

    The Banking System: Commercial Banking - How Banks Are Regulated

    ByStephen D. Simpson, CFA The 2007-2008 mortgage bubble in the United States, and worldwide credit crisis, highlighted why banks are so heavily regulated; with such a key role in the economy, ...
  8. Retirement

    Introduction To Annuities: Marketing And Regulation

    Marketing of AnnuitiesAlthough only life insurance companies can issue annuities in the United States, the investment vehicles are marketed by many different types of organizations and individuals. ...
  9. Economics

    What Does a Central Bank Do?

    A central bank oversees a nation’s monetary system.
  10. Investing Basics

    Retail Banking Vs. Corporate Banking

    Retail banking is the visible face of banking to the general public. Corporate banking, also known as business banking, refers to the aspect of banking that deals with corporate customers.
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. What economic indicators are important to consider when investing in the banking ...

    Find out which economic indicators are most useful for investors in the banking sector, especially those influenced by central ... Read Answer >>
  5. 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 >>
  6. 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 >>
Hot Definitions
  1. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  2. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  3. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  4. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  5. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  6. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
Trading Center