Adrienne Harris, superintendent of the New York Department of Financial Services, seen during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., on May 18. Photo: Al Drago/Bloomberg In Wake of Signature Bank Collapse, NY Regulator Says She's Watching Risk Factors of Other Institutions
Ex-U.S. Rep. Barney Frank, a Signature board member, suggested cryptocurrency had more to do with the bank's closure than New York DFS Superintendent Adrienne Harris had indicated.
May 31, 2023 at 02:28 PM
5 minute read
Regulation
New York Department of Financial Services Superintendent Adrienne Harris told state senators on Tuesday that her agency has identified a number of banks that have high percentages of uninsured deposits, and a number of other risk factors, in wake of the agency's closing of Manhattan-based Signature Bank in March.
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