New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 3. Banking |
Supervisory Policies and Procedures |
General |
Supervisory Procedure 101 Notice of Automated Data Processing Systems: Superintendent's Right to Examine Independent Services |
Sec. 101.2. Superintendent's right of examination
Latest version.
- Such contract for independently furnished automated data processing services shall state that the superintendent or his authorized representative has the right to examine all records and material, use the equipment and interview employees of the firm or banking organization furnishing the services to the extent he deems necessary to protect the interests of depositors, creditors or stockholders of the banking organization or licensee receiving such services.