The Federal Deposit Insurance Corp. knows it must put some meat on the bones of its process for dismantling large financial firms, but is struggling to strike the right balance between providing too much detail and not enough.

"One issue is flexibility versus certainty," says Jim Wigand, who heads the FDIC's Office of Complex Financial Institutions. "But there is also the tension of providing enough information so that the marketplace and stakeholders know what to expect versus getting too granular, providing too much information and not in the right area."

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