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The Board of Directors of the Federal Deposit Insurance
Corporation (FDIC) today approved the first corporate-wide
strategic plan in the agency's 61-year history. The plan will
focus the agency on preventing bank failures. "This
strategic plan will help the FDIC effectively and promptly
identify potential problems within the financial industry that
may cause losses to the insurance funds," FDIC Chairman Ricki
Helfer said today. "It will guide the agency in developing
and evaluating its policies and programs for the rest of the
decade."
The FDIC strategic plan stresses the agency's function as
deposit insurer. The blueprint emphasizes achieving results
that can be measured in areas such as:
- Working with other federal and state regulators to
identify, monitor and address risks to financial
institutions that may cause losses to the insurance funds;
- Reducing regulation in areas where risks to the insurance
funds have declined;
- Promoting public understanding of the role of deposit
insurance in the financial system.
"We have built into our strategic plan an emphasis on
action and accountability that will help us achieve our
goals," Chairman Helfer said.
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