New York’s financial watchdog is ready to “fill the gaps” left by the incoming Donald Trump administration’s planned deregulation spree, its chief has said, by increasing its scrutiny on banks, insurance companies and cryptocurrency groups that transact in the world’s commercial capital.
California has forged ahead with tougher pollution and emissions rules, while New York, Illinois and Washington are forcing through state-level climate disclosure requirements. When it comes to financial oversight, the DFS has “quite broad powers” over licensees, said Matt Levine, a former executive deputy superintendent for enforcement at the agency.
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