All New York articles
-
News Brief
NYDFS expects banks, firms to cut risks posed by AI, according to new guidance
New York financial institutions are expected to address cybersecurity risks posed by artificial intelligence (AI), and new guidance from the New York Department of Financial Services is aimed at helping firms do just that.
-
News Brief
Poor internal controls led to FCPA violations in Moog’s $1.7M settlement with SEC
A company culture geared to “win business at any cost” encouraged employees of New York-based aerospace manufacturer Moog to pay bribes in India to win contracts, the Securities and Exchange Commission alleged.
-
News Brief
DOJ orders consultants to pay $11.3M total for cyber rule violations
Guidehouse and Nan McKay and Associates will pay a total of $11.3 million to the Department of Justice (DOJ) to settle allegations that cybersecurity failures led to the theft of client personal information during the height of the COVID-19 pandemic.
-
News Brief
Credit Suisse unit inks deal with OCC over BSA/AML obligations
The New York branch of Swiss bank Credit Suisse reached a deal with the Treasury Department’s Office of the Comptroller of the Currency (OCC) over compliance with its Bank Secrecy Act and anti-money laundering obligations.
-
News Brief
N.Y. hospitals face stiff cybersecurity requirements under proposed rules
New York hospitals would be required to have a cybersecurity program that includes regular cyber risk assessments under newly proposed regulations.
-
Premium
N.Y. law to pose hurdle for RIA’s off-channel comms supervision efforts
A New York state law that takes effect next year will make it more difficult for registered investment advisers in the state to conduct proactive testing for violations of their firms’ off-channel communication policies.
-
Article
New York law provides LIBOR fallbacks as rate nears end
A new law in New York provides contracts that reference LIBOR with a fallback provision and safe harbor once the benchmark interest rate permanently ceases to be published at the end of the year.
-
Article
How to navigate states’ patchwork quilt of return-to-office training requirements
As if cobbling together a return-to-office plan for your company during a pandemic is not difficult enough, 16 states now require employees receive coronavirus safety training.
-
Blog
N.Y. State Pension Fund scrutinizes executive pay
The New York State Common Retirement Fund has reached agreements with Microsoft, CVS, Macy’s, TJX, and Salesforce.com to reexamine their executive pay policies.
-
Article
Sexual harassment legislation gaining momentum at state level
Numerous states over the past few months have passed laws, or have legislation in the works, that seek to prevent sexual harassment in the workplace, and that means stringent new compliance obligations for companies.
-
Blog
New York pension fund will vote against boards with no women directors
The New York State Common Retirement Fund, the third largest public pension fund in the United States, says it will vote against board directors standing for re-election at companies that have no women on their boards.
-
Blog
New York AG launches formal investigation into Equifax breach
As part of a formal investigation into the massive breach involving credit-reporting agency Equifax, which has effected about 143 million U.S. consumers, New York Attorney General Eric Schneiderman sent a letter to Equifax seeking additional information about the breach.