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#12069 - 10/29/01 04:54 PM Information systems and Holding Company
DFS1001 Offline
New Poster
Joined: Oct 2001
Posts: 1
Waco, Tx
Do any of you know where I can go to find regulatory information regarding sharing of network resources between affiliates of the bank holding company. I am trying to determine if it is okay for all affilites of the holding company to share servers, email, etc.
Any comments would be greatly appreciated.
Thanks.

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eBanking / Technology
#12070 - 10/29/01 09:41 PM Re: Information systems and Holding Company
Anonymous
Unregistered

I don't have a regulatory answer, but we (the bank) are a subsidiary of an insurance company and they maintain our servers and e-mail services.

We just went through an IT exam and the OTS didn't have any issues with the arrangement. The did visit our parent and conduct an exam looking at all of the thing they exam us for, but otherwise it was no different that any other IT exam.

I'd contact your regulator and see what they have to say. In our case, there is significant cost savings (even after paying an IT allocation to our parent - an affiliate transaction) and so they don't seem to have an issue.

Good Luck


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