B.A., Swarthmore College; J.D., University of Baltimore School of Law
Richard Osterman is an advisor to the United States Treasury’s Office of Technical Assistance and has served as a consultant to the World Bank. He is a former Acting FDIC General Counsel and Deputy General Counsel with extensive experience in banking, deposit insurance, assessments, receivership law and litigation. As Deputy General Counsel he led the FDIC’s Legal Division Litigation and Resolutions Branch from June 2007 to June 2016, providing legal counsel for the agency’s resolution and receivership functions during the 2008 financial crisis.
During Professor Osterman’s 27-year FDIC career he also served as Assistant General Counsel for the Receivership Operations and Litigation Section, which included Professional Liability, Financial Crimes and Receivership Operations and Policy. He worked on legislation, including several revisions to the Federal Deposit Insurance Act. He testified before the U.S. Congress and the U.K. Parliamentary Commission on Banking Standards, represented the agency in US Courts of Appeals throughout the United States and at numerous industry and professional conferences. He also was the FDIC representative to the Administrative Conference of the United States. Before joining the FDIC, Professor Osterman served for two years at the Federal Home Loan Bank Board and for seven years at the Interstate Commerce Commission. Professor Osterman also is a professorial lecturer in law at George Washington Law School where he lectures on International Money Laundering, Corruption and Terrorism to J.D. and L.L.M. candidates.
He graduated cum laude from the University of Baltimore School of Law where he was a member of the Law Review. He received a BA in Political Science and Economics from Swarthmore College.