1st NY 'Tech Sprint' To Target Crypto Co. Regulatory Reporting
Law360 (October 16, 2020, 10:01 PM EDT) -- New York's financial services regulator wants to speed up the data collection needed for monitoring the condition of financial firms it oversees and is laying plans for its first-ever "tech sprint" toward that goal, adopting a strategy increasingly favored by agencies for experimenting with technology-led regulatory innovation.
The New York Department of Financial Services announced Thursday that it will convene a multi-day event in early 2021 where teams of fintech professionals, compliance experts and others will collaborate on developing a "digital regulatory reporting" mechanism for cryptocurrency companies.
Produced in partnership with the Conference of State Bank Supervisors and Alliance for...
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