Page:United States Statutes at Large Volume 124.djvu/1626

 124 STAT. 1600 PUBLIC LAW 111–203—JULY 21, 2010 ‘‘(B) USE OF EXISTING REPORTS AND OTHER SUPERVISORY INFORMATION.—The Board shall, to the fullest extent pos- sible, use— ‘‘(i) reports and other supervisory information that the bank holding company or any subsidiary thereof has been required to provide to other Federal or State regulatory agencies; ‘‘(ii) externally audited financial statements of the bank holding company or subsidiary; ‘‘(iii) information otherwise available from Federal or State regulatory agencies; and ‘‘(iv) information that is otherwise required to be reported publicly.’’; and (3) by adding at the end the following: ‘‘(C) AVAILABILITY.—Upon the request of the Board, the bank holding company or a subsidiary of the bank holding company shall promptly provide to the Board any information described in clauses (i) through (iii) of subpara- graph (B).’’. (b) EXAMINATIONS OF BANK HOLDING COMPANIES.—Section 5(c)(2) of the Bank Holding Company Act of 1956 (12 U.S.C. 1844(c)(2)) is amended to read as follows: ‘‘(2) EXAMINATIONS.— ‘‘(A) IN GENERAL.—Subject to subtitle B of the Con- sumer Financial Protection Act of 2010, the Board may make examinations of a bank holding company and each subsidiary of a bank holding company in order to— ‘‘(i) inform the Board of— ‘‘(I) the nature of the operations and financial condition of the bank holding company and the subsidiary; ‘‘(II) the financial, operational, and other risks within the bank holding company system that may pose a threat to— ‘‘(aa) the safety and soundness of the bank holding company or of any depository institu- tion subsidiary of the bank holding company; or ‘‘(bb) the stability of the financial system of the United States; and ‘‘(III) the systems of the bank holding company for monitoring and controlling the risks described in subclause (II); and ‘‘(ii) monitor the compliance of the bank holding company and the subsidiary with— ‘‘(I) this Act; ‘‘(II) Federal laws that the Board has specific jurisdiction to enforce against the company or sub- sidiary; and ‘‘(III) other than in the case of an insured depository institution or functionally regulated subsidiary, any other applicable provisions of Fed- eral law. ‘‘(B) USE OF REPORTS TO REDUCE EXAMINATIONS.—For purposes of this paragraph, the Board shall, to the fullest extent possible, rely on—