MS Dept. of Banking and Consumer Finance; delete repealer on authority to join certain exams with the Federal Reserve.

Joint exams for large bank holding companies

Beginning July 1, 2026, the state banking commissioner can join Federal Reserve exams and issue joint reports for bank holding companies with more than $1 billion in assets that own a Mississippi state‑chartered bank, including foreign-owned firms. The commissioner may accept a Federal Reserve exam report instead of doing a joint exam and may join related Fed supervisory orders. The commissioner does not run a stand‑alone state exam of the holding company. There is no added cost to the bank or the holding company from the state’s participation. This authority ends July 1, 2030.