Wis. Admin. Code Department of Financial Institutions DFI-SL 21.08

Current through August 26, 2024

Section DFI-SL 21.08 - Safeguards for the financial institution

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.

Wis. Admin. Code Department of Financial Institutions DFI-SL 21.08

CR Register, October, 2000, No. 538, eff. 11-1-00.