FDIC creates new units as US regulators expand for Dodd-Frank systemic oversight

Regulators in the US have begun to expand their numbers in response to the Dodd-Frank Act, which will increase supervisory responsibilities for systemic risk and consumer protection.

The Federal Deposit Insurance Corporation (FDIC) announced on August 10 it will create two new divisions in response to Dodd-Frank requirements: one unit will be responsible for handling systemic resolutions, while the other will supervise consumer protection.

Regulators are studying the supervisory implications of