Vivek Khare

Vivek Khare serves as Senior Counsel at the Federal Deposit Insurance Corporation (FDIC), where he is involved in legal matters pertaining to the agency's operations and regulations. His role includes providing legal guidance on issues related to deposit insurance and regulatory compliance, particularly concerning custodial deposit accounts and their management.

Professional Background

• Position: Senior Counsel
• Agency: Federal Deposit Insurance Corporation (FDIC)
• Contact Information: He can be reached at (202) 898-6847 or via email at VKhare@fdic.gov.12

Responsibilities

In his position, Khare contributes to rulemaking processes and legal interpretations that impact the FDIC's ability to maintain public confidence in the banking system. His work is critical in ensuring that the FDIC can effectively manage deposit insurance determinations, especially in complex scenarios involving third-party custodial arrangements.23

Legal Contributions

Khare has been involved in discussions and proposals aimed at strengthening recordkeeping practices for custodial deposit accounts, which are essential for accurate deposit insurance determinations. This includes addressing challenges posed by non-bank third-party arrangements and ensuring that consumer protection measures are upheld within the banking system.12

Overall, Vivek Khare plays a significant role in shaping the legal framework within which the FDIC operates, ensuring compliance with federal regulations and enhancing the agency's capacity to protect depositors.