Barbara Linney Quoted Regarding DFS Regulatory Reach in Global Investigations Review

"DFS flexes regulatory muscle in Commerzbank settlement"
Global Investigations Review
03.16.15Barbara Linney was quoted in Global Investigations Review regarding the impact and reach of the New York Department of Financial Services (DFS) demonstrated by the Commerzbank settlement. The DFS poses a strong regulatory threat to financial institutions, Linney said. "Banks need to keep the DFS happy if they want to continue to do business in New York. Any financial institution or regulated company will have a strong concern during an investigation by its principal regulator that it could be frozen out of the industry if it does not comply and cooperate," she added.
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