It contemplates however that the host state will conduct safety and soundness examinations only in emergency situations or as part of the examination conducted by the home-state supervisor. The protocol relies on robust information  BIS Review 52/2003  3  sharing and coordination between state supervisors and the federal banking agencies to take the place of these examinations.
Responsibility for compliance with applicable consumer protection laws is divided among state supervisors, with each state supervisor responsible for monitoring compliance with local law by local offices. Examination for compliance with federal consumer laws in some instances is left to the federal banking agencies and in others is shared with state bank supervisors.