Summer Regulatory Summit eBook

Networked Supervision

Section 4.2 Role of Host State Supervisors. When requested by the home state supervisor, the host state examiners may assist in the safety and soundness, trust and electronic data processing examinations of multi-state banks and participate in discussions with management and directors to the extent practicable. Regulatory Burden vs. Burden on Regulators

Do states have the staff, time, and expertise to *not* work together on multistate banks?

Non-Bank Licensing & Supervision 56-State Autonomy

• Only banks are subject to the home/host construct. • Each state retains full authority over mortgage companies originating a mortgage in their state • SAFE Act, NMLS, and Information Sharing Agreements standardize how 50-state autonomy is exercised