Resolution Professionals
Description Text
The FDIC is responsible for planning for the possibility that a bank – large or small – might fail. If it does, FDIC resolution professionals focus on planning for and managing the resolution of a failed bank by the FDIC as receiver. This requires a wide range of functions, such as franchise marketing, asset management, and asset sales while taking into account the potential impact on local communities, other financial institutions, and the U.S. economy. In the unlikely event of a bank failure, resolution professionals help the FDIC act quickly to ensure depositors get prompt access to their insured deposits.