Morning Money: Lawsky on Regulatory Competition

Politico, April 18, 2013. All Rights Reserved.

FIRST LOOK III: LAWSKY ON REGULATORY COMPETITION — Excerpts from remarks New York Superintendent of Financial Services Ben Lawsky is to give this morning at the Minsky Conference at the Ford Foundation in NYC on “healthy competition” in financial regulation: “The New York State Department of Financial Services (DFS) is only about 18 months old. So, in many ways, we’re the new regulator on the block. And at DFS, we’re fortunate to work with federal partners who have a deep well of institutional knowledge and expertise — which complements our own. But we also have another key attribute at DFS. We’re nimble. And we’re agile. And we’re able to take a fresh look at issues across the financial industry — both new and old."