By Jeff Dale2024-01-22T20:18:00
The New York State Department of Financial Services (NYDFS) released final guidance Monday on how banks and non-depository financial institutions should vet executives, including chief compliance officers, before and during their employment.
The guidance expands upon an NYDFS proposal in May that cited outdated standards in hiring senior officers, such as only conducting a criminal background check and not a check for conflicts of interest.
Regulated entities are expected to report recruitment-related findings to their board of directors and CCO, according to the final guidance.
2025-05-01T21:38:00Z By Adrianne Appel
The New York Department of Financial Services (NYDFS), led by Superintendent Adrienne Harris, doesn’t intend to let up on cryptocurrency enforcement, even in the face of pullback from the federal government.
2024-10-17T17:42:00Z By Adrianne Appel
New York financial institutions are expected to address cybersecurity risks posed by artificial intelligence, and new guidance from the New York Department of Financial Services is aimed at helping firms do just that.
2024-05-14T16:59:00Z By Aaron Nicodemus
The New York State Department of Financial Services issued guidance for small businesses attempting to comply with its cybersecurity regulations.
2025-08-01T22:31:00Z By Oscar Gonzalez
The Securities and Exchange Commission is taking its pro-crypto messaging on the road, planning a series of events for its Crypto Task Force that will be held across the U.S. starting on Aug. 4.
2025-08-01T20:07:00Z By Aly McDevitt
The DOJ is warning that simply scrubbing DEI-related words from policy documents or training materials—and replacing them with thinly veiled proxies—will not protect federally funded organizations from legal scrutiny.
2025-07-31T20:37:00Z By Neil Hodge
When growth slows, governments often cut rules to attract investment, as the U.K. has in its financial services sector, which contributes 8.8% of GDP, but easing the “compliance burden” raises concerns about oversight, governance, and prioritizing profits over safety.
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