FDICIA

E402565

FDICIA is a U.S. banking law enacted in 1991 that strengthened federal oversight of depository institutions, imposed prompt corrective action standards, and reformed the deposit insurance system following the savings and loan crisis.

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Label Occurrences
FDICIA canonical 2

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Statements (49)

Predicate Object
instanceOf United States federal law ⓘ
banking regulation ⓘ
abbreviation FDICIA ⓘ
affects Federal Deposit Insurance Corporation ⓘ
Federal Reserve System ⓘ
Office of Thrift Supervision ⓘ
Office of the Comptroller of the Currency ⓘ
aimsTo encourage timely resolution of weak institutions ⓘ
enhance market discipline in banking ⓘ
limit taxpayer exposure to bank failures ⓘ
country United States ⓘ
enactedAfter savings and loan crisis ⓘ
enactedInYear 1991 ⓘ
establishesFrameworkFor early intervention in troubled banks ⓘ
least-cost resolution of failed institutions ⓘ
prompt corrective action ⓘ
risk-based deposit insurance premiums ⓘ
fullName Federal Deposit Insurance Corporation Improvement Act of 1991 ⓘ
introducedAsResponseTo failures of savings and loan associations ⓘ
jurisdiction United States federal government ⓘ
keyProvision audited financial statements requirements for larger institutions ⓘ
cross-guarantee authority among affiliated banks ⓘ
expanded enforcement powers for federal banking agencies ⓘ
improved examination and reporting standards ⓘ
internal control and management reporting requirements ⓘ
least-cost resolution requirement for the FDIC ⓘ
limitations on too-big-to-fail assistance ⓘ
mandatory supervisory actions tied to capital levels ⓘ
prompt corrective action capital categories ⓘ
restrictions on brokered deposits for undercapitalized institutions ⓘ
risk-based insurance assessments ⓘ
systemic risk exception to least-cost resolution ⓘ
policyArea bank regulation ⓘ
deposit insurance ⓘ
financial stability ⓘ
primaryPurpose improve safety and soundness of insured depository institutions ⓘ
reduce losses to the deposit insurance funds ⓘ
reform the federal deposit insurance system ⓘ
strengthen federal oversight of depository institutions ⓘ
regulates FDIC-insured banks ⓘ
FDIC-insured thrifts ⓘ
insured depository institutions ⓘ
relatedTo Federal Deposit Insurance Act ⓘ
Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ⓘ
requires annual independent audits for certain insured institutions ⓘ
capital-based supervisory triggers ⓘ
federal banking agencies to take prompt corrective action ⓘ
management assessment of internal controls for larger banks ⓘ
sector banking industry ⓘ

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Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.