The Federal Deposit Insurance Corp. (FDIC) said Tuesday it would create two new divisions – one to handle systemic resolutions and the other devoted to consumer protection – in response to the enactment of the regulatory reform law.

The Office of Complex Financial Institutions will conduct "continuous" reviews and oversight of bank holding companies with more than $100 billion of assets, the agency said. The office will also examine any non-bank financial companies designated as systemically important by the systemic risk council.

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