NYDFS

NY Governor Hochul offered more information about the state’s Responsible AI Safety and Education Act, which comes into effect in January.

The guidance explains how covered firms can conduct risk assessments that evaluate, identify, analyze and prioritize cybersecurity risks.

Our in-brief roundup of notable stories from the last week.

A NYDFS investigation following a ransomware attack uncovered an inadequate cybersecurity risk assessment.

NY’s proposal brings the department’s regulatory regime in line with US requirements while new ethics language in the CLARITY Act seeks to tamp down on conflicts of interest.

Although the MoU is not legally binding, it creates the blueprint for crossborder coordination in supervising and sharing information about stablecoin activities.

The state’s new rules would strictly cap late and other penalty fees that can cost consumers dearly.

The investigation, initiated in 2019, focused on Swedbank´s historical anti-money-laundering practices.