NYDFS Pitches Plan To Streamline Supervisory Info Sharing
Law360 (November 14, 2019, 8:41 PM EST) -- The head of New York State’s top financial regulator revealed on Thursday new processes that would allow regulated entities to share “confidential supervisory information” with certain advisers, including legal counsel, without prior approval from the agency.
Announced by the New York State Department of Financial Services superintendent Linda Lacewell, the proposed measures would allow companies under the agency’s purview to “streamline” the disclosure process of confidential supervisory information to independent auditors and legal counsel with certain assurances that the information won’t be made public or shared with employees who are not in the “need to know” category.
“With this action, DFS...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!