3 CRR-NY 5.1NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 3. BANKING
CHAPTER I. GENERAL REGULATIONS OF THE SUPERINTENDENT
PART 5. SUPERINTENDENT’S REGULATIONS: INTERNAL AND EXTERNAL AUDITS AT BRANCHES AND AGENCIES OF FOREIGN BANKING CORPORATIONS
3 CRR-NY 5.1
3 CRR-NY 5.1
5.1 Purpose.
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 superintendent 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.
3 CRR-NY 5.1
Current through January 31, 2023
End of Document

IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.