HAR §16-26-39. Off-site monitoring

Off-site monitoring of institutions involves the systematic review of financial reports, audit statements, and other reports requested on an ad hoc basis. The principal purpose of off-site monitoring is to identify institutions that appear to evidence unusual conditions. Off-site monitoring complements, but does not substitute for, the examination of institutions, and may trigger an early examination or highlight areas in which special attention must be given. [Eff 8/13/87; comp 1/27/01] (Auth: HRS §§412:2-107, 412:2-100, 412:2- 200) (Imp: HRS §§412:2-100, 412:2-200, 412:2-201, 412:11-102, 412:11-108, 412:13-223) 26-11 Amendments to and compilation of chapter 16-26, Hawaii Administrative Rules, on the Summary Page dated December 11, 2000, were adopted on December 11, 2000, following a public hearing held on the same date, after public notice was given in the Hawaii State and County Public Notices for the City and County of Honolulu, County of Kauai, County of Maui and the County of Hawaii on November 6, 2000. These amendments shall take effect ten days after filing with the Office of the Lieutenant Governor. /s/ Lynn Y. Wakatsuki LYNN Y. WAKATSUKI Commissioner of Financial Institutions APPROVED AS TO FORM: Date 1/04/01 /s/ James C. Paige Deputy Attorney General APPROVED: Date 1/04/01 /s/ Kathryn S. Matayoshi KATHRYN S. MATAYOSHI, Director Commerce and Consumer Affairs APPROVED: Date 1/11/01 /s/ Benjamin J. Cayetano BENJAMIN J. CAYETANO Governor State of Hawaii January 17, 2001 Filed 26-12 DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS Amendment and Compilation of Chapter 16-26 Hawaii Administrative Rules December 11, 2000 SUMMARY 1.