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.
