FDIC to Centralize Large Bank Supervision, Resolution Activities

To take a more holistic approach to its oversight of large and complex banks, the FDIC today announced that it will bring all of its supervision and resolution activities for the nation’s largest banks under its new Division of Complex Institution Supervision and Resolution, or CISR. The new division—which will operational as of July 21—will be led by Rick Delfin, who currently serves as director of the FDIC’s Office of Complex Financial Institutions.

The new division will oversee the FDIC’s supervision and monitoring of banks with more than $100 billion in assets for which the FDIC is not the primary regulator, as well as planning for and executing the FDIC’s resolution mandates for these institutions.