Regulatory Alerts2022-08-02
Holding Company Examinations/Inspections Policy
The Louisiana Office of Financial Institutions issued Policy No. HC-01-2014 to standardize the frequency, procedures, and cost structure for inspecting holding companies affiliated with state-chartered banks, thrifts, and trust companies. The policy mandates cost-free expanded reviews for small, non-complex holding companies conducted concurrently with subsidiary examinations, while requiring full-scope inspections for complex or troubled entities subject to a $50 per hour examiner fee. It further establishes specific inspection timelines for new and out-of-state holding companies, outlines a standardized risk-based rating system, and details pre-inspection documentation requirements to ensure efficient regulatory oversight.
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