§ 13-9-316 — Authority to adopt rules and regulations; cooperative agreements; fees

Wyoming § 13-9-316

• Jurisdiction: Wyoming
• Title 13: Banks, Banking and Finance
• Ch. 9: BANK RELATED ORGANIZATIONS
• Art. 3: INTERSTATE BANKING - ACQUISITIONS OF BANKS

Text

(a) In order to carry out the purposes of this article the
commissioner may:
(i) Repealed By Laws 1999, ch. 42, § 3.
(ii) Enter into cooperative, coordinating or
information-sharing agreements with any other bank supervisory
agency or any organization affiliated with or representing one
(1) or more bank supervisory agencies;
(iii) Accept any report of examination or
investigation by another bank supervisory agency having
concurrent jurisdiction over a Wyoming state bank or a bank
holding company that controls a Wyoming state bank in lieu of
conducting the commissioner's own examination or investigation
of the bank holding company or bank;
(iv) Enter into contracts with any bank supervisory
agency having concurrent jurisdiction over a Wyoming state bank
or a bank holding company that controls a Wyoming state bank to
engage the services of the agency's examiners as provided in
W.S. 13-2-807(d);
(v) Enter into joint examinations or joint
enforcement actions with any other bank supervisory agency
having concurrent jurisdiction over any Wyoming state bank or
any bank holding company that controls a Wyoming state bank. The
commissioner may take any such action independently, except with
respect to the examination of an out-of-state bank holding
company, if the commissioner determines that the action is
necessary to carry out his responsibilities under this title or
to enforce compliance with the laws of this state. In the case
of an out-of-state bank holding company, the commissioner shall
recognize the exclusive authority of the home state supervisor
over corporate governance matters and the primary responsibility
of the home state supervisor with respect to safety and
soundness matters; and
(vi) Assess supervisory and examination fees that
shall be payable by Wyoming banks and Wyoming bank holding
companies in connection with the commissioner's performance of
his duties under this article and in accordance with regulations
adopted by the commissioner. Fees shall be deposited and may be
expended as provided in W.S. 13-2-807(f) and to carry out the
provisions of this article.
(b) By entering into an agreement pursuant to this
section, the state of Wyoming does not waive its sovereign
immunity.