§ 3109. — Cooperation with foreign supervisors.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC3109]
TITLE 12--BANKS AND BANKING
CHAPTER 32--FOREIGN BANK PARTICIPATION IN DOMESTIC MARKETS
Sec. 3109. Cooperation with foreign supervisors
(a) Disclosure of supervisory information to foreign supervisors
Notwithstanding any other provision of law, the Board, Comptroller
of the Currency, Federal Deposit Insurance Corporation, and Director of
the Office of Thrift Supervision may disclose information obtained in
the course of exercising supervisory or examination authority to any
foreign bank regulatory or supervisory authority if the Board,
Comptroller, Corporation, or Director determines that such disclosure is
appropriate and will not prejudice the interests of the United States.
(b) Requirement of confidentiality
Before making any disclosure of any information to a foreign
authority, the Board, Comptroller of the Currency, Federal Deposit
Insurance Corporation, and Director of the Office of Thrift Supervision
shall obtain, to the extent necessary, the agreement of such foreign
authority to maintain the confidentiality of such information to the
extent possible under applicable law.
(Pub. L. 95-369, Sec. 15, as added Pub. L. 102-242, title II, Sec. 206,
Dec. 19, 1991, 105 Stat. 2294.)