The Federal Financial Institutions Examination Council announced Monday that Comptroller of the Currency Thomas J. Curry has been named chairman for a two-year term.

He succeeds NCUA Chairman Debbie Matz as chairman of the combined regulatory group.

This marks the fifth time the OCC has led the council. The FFIEC also named Daniel K. Tarullo, member of the Board of Governors of the Federal Reserve System, as its new vice chairman for a two-year term.

“It's truly an honor to be named to the chair of the FFIEC,” Curry said. “I want to express my appreciation to Chairwoman Matz for her service to the FFIEC over the last two extraordinary years in our industry.

“As the FFIEC looks to the future, I will continue to work with my colleagues to help ensure uniform examinations and standards that balance the financing needs of families, communities and businesses while preserving the safety and soundness of the banking system.”

The FFIEC currently consists of six voting members: the Comptroller of the Currency, FDIC chairman, NCUA chairman, Consumer Financial Protection Bureau director; chairman of the State Liaison Committee; and a member of the board who is appointed by the chairman.