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§ 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.)



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