(a)The commissioner shall administer the laws and
regulations governing the organization, operation, examination,
reorganization or dissolution of banks in Wyoming. The
commissioner is directly responsible to and subject to the
direction of the director. The commissioner may employ one (1)
or more deputy commissioners, who, in the absence or disability
of the commissioner, shall exercise all powers of the
commissioner.
(b)Repealed By Laws 1999, ch. 42, § 3.
(c)Without limiting the other powers, duties and
responsibilities conferred upon the commissioner by law, the
commissioner may:
(i)Conduct an investigation if the commissioner has
reasonable cause to believe that a financial institution, a bank
holding company or person has violated, is violating or is about
to violate a state statu
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(a) The commissioner shall administer the laws and
regulations governing the organization, operation, examination,
reorganization or dissolution of banks in Wyoming. The
commissioner is directly responsible to and subject to the
direction of the director. The commissioner may employ one (1)
or more deputy commissioners, who, in the absence or disability
of the commissioner, shall exercise all powers of the
commissioner.
(b) Repealed By Laws 1999, ch. 42, § 3.
(c) Without limiting the other powers, duties and
responsibilities conferred upon the commissioner by law, the
commissioner may:
(i) Conduct an investigation if the commissioner has
reasonable cause to believe that a financial institution, a bank
holding company or person has violated, is violating or is about
to violate a state statute or rule relating to financial
institutions or bank holding companies, or has engaged, is
engaging or is about to engage in an unsafe and unsound
practice;
(ii) Administer oaths and affirmations, subpoena
witnesses and compel their attendance and testimony, adduce
evidence and require by subpoena the production of any books,
papers, records, files, correspondence, documents and other
evidence the commissioner deems relevant to any examination or
investigation authorized by this act;
(iii) Request the attorney general to bring an action
in any court of competent jurisdiction to enforce and administer
the provisions of this act, to seek an award of any civil
penalty authorized by law and any other appropriate relief at
law and equity including an order requiring compliance with any
subpoena or order issued by the commissioner pursuant to this
act;
(iv) Consult with the board regarding the
administration and operation of the dual banking system and the
banking business in Wyoming;
(v) Adopt rules to implement and administer the laws
governing financial institutions and bank holding companies in
this state;
(vi) Recommend to the legislature the amendment or
enactment of laws to foster competition between banks and
federally chartered financial institutions within this state and
to promote the dual banking system within the state; and
(vii) Perform any acts and make any decisions
incidental to or necessary for carrying out any powers, duties
or responsibilities expressly conferred upon the commissioner by
law.
(d) The commissioner shall establish any fee by rule and
regulation if any provision of this title authorizes the fee to
be established by rule and regulation of the commissioner. The
fee shall be established in accordance with the Wyoming
Administrative Procedure Act and shall be set in an amount to
ensure that, to the extent practicable, the total amount
generated from the fee approximates but does not exceed the
direct and indirect costs incurred by the commissioner in
carrying out his duties as a result of the submission or
supervisory activity for which a fee is authorized.
(e) Not later than October 1 of each year, the
commissioner shall submit a report to the joint minerals,
business and economic development interim committee listing all
fees collected in the immediately preceding fiscal year by the
commissioner including those authorized or required pursuant to
this title and any other provision of law. The report shall
separately identify the amount collected for each fee collected.
(f) The commissioner may, after review and consideration
of actual and projected revenues and expenditures in the current
fiscal year, decrease the aggregate amount of an installment and
bill a proportionately lower amount to each financial
institution subject to an assessment.
(g) Except for the salary of the commissioner as provided
by W.S. 13-1-602(b), the commissioner shall establish personnel
classifications and salaries for the division of banking in
consultation with and subject to the approval of the governor
and subject to legislative appropriation. Classifications and
salaries shall be commensurate with other state and federal
financial regulators. The specialized skills required to
supervise special purpose depository institutions and financial
technology shall be defined by the state banking commissioner.
Classifications and salaries established pursuant to this
subsection shall not be subject to any classifications or any
compensation plan established pursuant to W.S. 9-2-3207(a)(i)
and (ii), (b) and (c). The provisions of W.S. 9-2-3207(a)(viii)
shall not apply to personnel of the division of banking. Upon
the creation of the classifications and salaries for the
division of banking the division shall provide a report on the
classifications and salaries to the joint appropriations
committee. The report shall include any estimated increase in
requested appropriations, the duties of each person for which
the classification shall apply, including specific skills
required to skillfully and competently fill the position, and
any other information requested by the joint appropriations
committee. Salary increases requested pursuant to this
subsection shall be included in the department's exception
budget.