Bankowość · 05/08/2005

One-Year Post-Employment Restrictions for Senior Examiners

The OCC, Board, FDIC, and OTS propose to implement post-employment restrictions on senior examiners of depository institutions and depository institution holding companies, as mandated by the Intelligence Reform Act of 2004, to prevent conflicts of interest and ensure accountability. The proposed rules will take effect on December 17, 2005, and impose penalties of up to $250,000 for violations.