Menu

Showing 1 post in Regulated Non-Depositories.

New York State DFS Urges Financial Institutions to Consider and Prepare for Impact of Climate Change

Having sent a similar letter to New York's domestic and foreign insurance companies, the New York State Department of Financial Services (DFS) issued a letter on October 29, 2020 explicitly calling on its regulated financial institutions to start integrating financial risks associated with climate change into their business strategies, risk management processes, and governance frameworks. DFS' expectations apply to New York-regulated banks, mortgage bankers and servicers (Regulated Organizations), as well as to other New York-regulated non-depositories, including money transmitters, licensed lenders, sales finance companies, and virtual currency firms (Regulated Non-Depositories). More ›

Search
Subscribe via Email