The New York State Department of Financial Services adopted amendments to state cybersecurity program requirements applicable to entities that operate under a license or registration provided under New York Banking Law, Insurance Law or Financial Services Law.
News & Insights
In its 2022 Annual Report, the Financial Stability Oversight Council offered recommendations touching on (i) digital assets, (ii) climate-related financial risks, (iii) investment fund disclosure, (iv) Treasury markets, (v) cybersecurity and (vi) LIBOR transitions.
At a hearing before the Senate Committee on Banking, Housing and Urban Affairs, Treasury Secretary Janet L. Yellen testified on the Financial Stability Oversight Council's 2021 Annual Report to Congress.
In its 2021 Annual Report, the Financial Stability Oversight Council assessed the state of the financial system and provided recommendations concerning climate-related financial risk, digital asset risk, the orderly transition away from LIBOR, and cybersecurity.
Beth A. Williams, Assistant Attorney General for the Office of Legal Policy, outlined several DOJ initiatives to combat elder fraud and abuse.