Which statement is true about banking regulatory agencies having the authority to obtain information from
regulated institutions?

A.
The regulatory agencies may only obtain information from the regulated institution’s books and records by
virtue of a search warrant

B.
A search warrant may be substituted by a court subpoena compelling the institution to produce the
information to the regulatory agency

C.
The agencies authority to conduct examinations negates the need for a warrant or subpoena

D.
If a regulatory agency intends to prosecute a regulated institution, a warrant or subpoena must first be
granted before the information can be obtained