Biography

Arthur J. (Art) Murton is the Deputy to the Chairman for Financial Stability, responsible for overseeing the deposit insurance, resolution, and research responsibilities of the Federal Deposit Insurance Corporation (FDIC). Mr. Murton also provides strategic leadership of the FDIC’s international outreach regarding the resolution of cross-border financial institutions, including global, systemically important financial institutions. Through September of 2018, Mr. Murton was the Director of the FDIC’s Office of Complex Financial Institutions (OCFI), the original unit responsible for resolution planning efforts under Title I and Title II of the Dodd-Frank Act. Prior to becoming Director of OCFI in July 2013, Mr. Murton was the Director of the Division of Insurance and Research at the FDIC. In that capacity, Mr. Murton was responsible for overseeing the adequacy of the deposit insurance fund, the risk-based pricing of deposit insurance, and the research and statistics function. During the 2008 financial crisis, Mr. Murton led the design and implementation of the Temporary Liquidity Guaranty Program and led the FDIC’s efforts to maintain the liquidity and solvency of the deposit insurance fund. Mr. Murton received a B.A. in Economics from Duke University and a Ph.D. in Economics from the University of Virginia.