Wisconsin Administrative Code
Department of Financial Institutions
DFI-SB 1-22 - Department of Financial Institutions-Savings Banks
Chapter DFI-SB 19 - Financial Subsidiaries
Section DFI-SB 19.08 - Safeguards for the financial institution
Universal Citation: WI Admin Code ยง DFI-SB 19.08
Current through February 26, 2024
A financial institution that establishes or maintains a financial subsidiary shall ensure the following:
(1) The procedures of the financial institution for identifying and managing financial and operational risk within the financial institution and the financial subsidiary adequately protect the financial institution from such risk; and
(2) The financial institution has, for the protection of the financial institution, reasonable policies and procedures to preserve the separate corporate identity and limited liability of the financial institution and the financial subsidiaries of the financial institution.
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