Regulatory Alerts2022-08-02
Added · Updated
DI-03-2004 Interstate Banking
The Louisiana Office of Financial Institutions issued Policy DI-03-2004 to standardize the supervision of out-of-state state-chartered financial institutions with Louisiana branches and Louisiana institutions operating in other states. The directive assigns primary contact examiners, mandates semi-annual host-state communications, and utilizes a participation questionnaire to define cross-jurisdictional supervisory roles. It further requires automated sharing of examination findings and enforcement actions, compensates host-state examiners for multi-state reviews, and establishes a standardized assessment-sharing formula calculated annually by June 30.
More like this from OFI
We email you every new OFI publication the day it's published.