FDIC Centralizes Supervision and Resolution Activities of Large Banks

The new division will be responsible for FDIC's supervision and monitoring of banks with assets greater than USD 100 billion, for which FDIC is not the primary federal regulator. On the resolution side, the new division will be responsible for planning and executing FDIC's resolution mandates for these institutions as well as for other financial companies, if called upon to protect the U.S. financial stability. At present, these activities are divided into three separate areas of FDIC. Rick Delfin, who is the director of the FDIC's Office of Complex Financial Institutions, will head CISR. John Conneely, the FDIC's Regional Director for Chicago, will serve as the division's Acting Senior Deputy Director to assist with the transition.

Related Link: Press Release

Keywords: Americas, US, Banking, Supervisory Activities, Resolution, CISR, Large Banks, FDIC