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 self-link
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 of America
surface form: 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 government
surface form: 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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Full triples — surface form annotated when it differs from this entity's canonical label.