By Aaron Nicodemus2023-12-28T16:28:00
New York’s state banking regulator issued guidance to regulated banking and lending institutions on managing material financial and operational risks related to climate change.
The guidance, adopted Dec. 21 by the New York State Department of Financial Services (NYDFS), is “designed to support institutions’ efforts to identify, measure, monitor, and control their material climate-related financial and operational risks in a manner consistent with current risk management principles,” according to the regulator’s press release.
The guidance follows up a September 2020 NYDFS industry letter outlining its expectations for regulated entities in New York on managing risks posed by climate change.
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.
2023-11-03T10:03:00Z By Adrianne Appel
New York will require financial institutions to conduct risk assessments more often and improve governance under a broad update to the state’s cybersecurity regulations.
2023-10-25T18:32:00Z By Aaron Nicodemus
Federal banking regulators issued a long-promised framework that provides guidance on the safe and sound management of climate-related financial risks at large banks.
2025-10-15T19:43:00Z By Jaclyn Jaeger
Under the Trump administration, the Department of Health and Human Services and the Food and Drug Administration have been hellbent on eliminating synthetic food dyes from food and beverage products, forcing a jarring and costly overhaul with cascading impacts on the operations of the entire industry.
2025-10-08T20:08:00Z By Ruth Prickett
Private companies that are keen to trade their shares but do not wish to become listed have gained another way to trade their shares. The U.K. government completed its initial review and published rules for the system in June.
2025-10-03T21:24:00Z By Adrianne Appel
While the Trump administration may have shifted away from pursuing small, white-collar, financial crimes, its focus on health care fraud cases is as hot as ever.
Site powered by Webvision Cloud