New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 3. Banking |
Chapter I. General Regulations of the Superintendent |
Part 3. Superintendent’s Regulations: False Reporting |
Sec. 3.2. Superintendent's findings
Latest version.
- The superintendent hereby finds that violation of any of the provisions of section 3.1 of this Part:(a) is inconsistent with and prejudicial to the safe and sound conduct of the business of banking organizations;(b) is inconsistent with and prejudicial to the interest of the public, and is inconsistent with and prejudicial to the interests of depositors, creditors, shareholders and stockholders, as the case may be; and(c) constitutes an unsafe manner of conducting the business of banking organizations.