New York State Department of Financial Services

Barclays Fined $150M Over ‘Last Look’ System
Risk & Compliance

Barclays Fined $150M Over ‘Last Look’ System

Barclays did not seek 'to distinguish toxic order flow from instances in which prices merely happened to move in favor of the customer,' said the NYFDS.
By Matthew Heller | November 19, 2015
Read More
N.Y. Sanctions Bank Consultant Promontory
Risk & Compliance

N.Y. Sanctions Bank Consultant Promontory

Two-year investigation finds that Promontory 'exhibited a lack of independent judgment' in assessing allegations against a U.K.-based bank.
By Katie Kuehner-Hebert | August 3, 2015
Read More
New York’s Proposed Bitcoin Rules Yield Protests
Risk & Compliance

New York’s Proposed Bitcoin Rules Yield Protests

Proponents of the virtual currency are dividing into two camps, one opposed to the rules and one in favor.
By Iris Dorbian | July 30, 2014
Read More
N.Y. to Propose Regulating Bitcoin Firms
Global Business

N.Y. to Propose Regulating Bitcoin Firms

State banking regulator says virtual currency licenses would prevent misconduct but not derail the fledgling technology.
By Vincent Ryan | January 28, 2014
Read More