Regulatory Alerts2012-12-20
Guidelines Concerning Confidential Supervisory Information
The Alabama State Banking Department issued this memorandum to enforce strict confidentiality requirements for Supervisory Information under the Alabama Banking Code. It mandates that banks and bank holding companies implement formal procedures to identify and protect such data, restrict its disclosure to authorized persons, and immediately notify the Department of any subpoenas seeking it. The document cites relevant statutes and court rulings to underscore that unauthorized disclosure constitutes a Class A misdemeanor and jeopardizes the safety and soundness of the state's banking system.
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