Top banking regulator Thomas Hoenig announced his retirement Friday, shortly after issuing a warning that his colleagues are making a mistake that would increase the chances of another financial crisis.

Hoenig, the Federal Deposit Insurance Corporation vice chairman, said he’d leave office Monday.

Having served since 2012, Hoenig was headed out the door soon anyway. President Trump’s nominee to head the FDIC, Jelena McWilliams, would have taken his spot on the commission’s board of directors.

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