The leader of New York’s Department of Financial Services is now a member of the board of directors of the Conference of State Bank Supervisors, a nationwide organization of banking regulators.
Superintendent Benjamin Lawsky will serve for the 2012-2013 term. He was elected Monday during the group’s State-Federal Supervisory Forum in Savannah, Ga.
Lawsky will help set national policies for state banking regulation as member of the board, according to the Department of Financial Services. The conference includes banking regulators from all 50 states, Washington, D.C., Guam, Puerto Rico, and the U.S. Virgin Islands.
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The group gives state regulators a national forum to coordinate supervision of their regulated entities and it provides training for state banking and financial regulators.
It also represents its members before Congress and federal regulatory agencies.
The Department of Financial Services supervises New York-chartered banks along with many U.S.–based branches of foreign banks. The department also regulates mortgage brokers, mortgage bankers, check cashers, money transmitters, budget planners, and other providers of financial services.
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