N.Y. Comp. Codes R. & Regs. tit. 3 § 5.1
Current through Register Vol. 46, No. 39, September 25, 2024
In order to maintain and enhance the safety and soundness of foreign banks' New York offices, the Banking Board is establishing criteria which would require under certain circumstances that such offices utilize independent external and internal auditors satisfactory to the superintendent. The Banking Board believes that the foreign bank office's annual ROC-A examination rating serves as a straightforward and meaningful measure to determine whether foreign bank offices require such additional assistance. Nothing contained in this Part shall be deemed to limit the authority of the superintendent under the provisions of the Banking Law.
N.Y. Comp. Codes R. & Regs. Tit. 3 § 5.1