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Lessons Learned: James Wigand

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Abstract

A finance specialist and longtime Federal Deposit Insurance Corporation (FDIC) executive, James Wigand served as Deputy Director, Franchise and Asset Marketing, at the FDIC from 1997 to 2010, a period encompassing the global financial crisis of 2007-09. Wigand oversaw the resolution of all insured-depository institutions during the crisis, arranging acquisitions of troubled banks or liquidating them. He also acted as liaison between the chairman and board of directors of the FDIC. In 2010, in the aftermath of the crisis, Wigand was named director of the newly created Office of Complex Financial Institutions at the FDIC, an office formed under the Dodd-Frank Act, and also served as senior advisor to the agency's chairman. This Lessons Learned is based on an interview with Wigand.

Suggested Citation

  • Ward, Sandra, 2021. "Lessons Learned: James Wigand," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 3(2), pages 784-786, April.
  • Handle: RePEc:ysm:ypfsfc:323636
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    Keywords

    FDIC; Office of Complex Financial Institutions; Dodd-Frank Act; Washington Mutual; Bank of England;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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