BR-6.4.1
The CBB uses various methods of information gathering on its own initiative which require the cooperation of banks:
(a) Representatives of the CBB may make onsite visits at the premises of the bank. These visits may be made on a regular basis, on a sample basis, for special purposes such as theme visits (looking at a particular issue across a range of banks), or when the CBB has a particular reason for visiting a bank;
(b) Appointees of the CBB may also make onsite visits at the premises of the bank. Appointees of the CBB may include persons who are not CBB staff, but who have been appointed to undertake particular monitoring activities for the CBB, such as in the case of appointed experts (refer to Section BR-6.5).
(c) The CBB may request the bank to attend meetings at the CBB's premises or elsewhere;
(d) The CBB may seek information or request documents by telephone, at meetings or in writing, including electronic communication;
(e) The CBB may require banks to submit various documents or notifications, as per Chapter BR-5, in the ordinary course of their business such as financial reports or on the happening of a particular event in relation to the bank such as a change in control.
Added: January 2012