The FDIC announced its decision to establish a new Division of Complex Institution Supervision and Resolution ("CISR"). The CISR will be responsible for supervising and monitoring banks with total assets greater than $100 billion for which the FDIC is not the primary federal regulator. One of the primary obligations of the new division will be to plan for and execute the FDIC's resolution mandates for these large institutions.
The CISR will be led by Rick Delfin, who is currently serving as the Director of the FDIC Office of Complex Financial Institutions. FDIC Chicago Regional Director John Conneely will serve as Acting Senior Deputy Director during the transition.
The CISR will be operational by July 21, 2019.
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