FDIC's resolution authority presents challenges, opportunities

01/17/2011 | Washington Post (tiered subscription model), The

Jim Wigand spent years at the Federal Deposit Insurance Corp. as well as the Resolution Trust Corp., which was established during the 1980s savings and loan crisis. Mr. Wigand understands the complexities and mechanics of quickly and successfully winding down a collapsing financial institution. Now, Mr. Wigand is becoming director of the FDIC's Office of Complex Financial Institutions, where he will be responsible for overseeing major banks. He will also ensure that the FDIC is prepared to liquidate troubled companies.

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