Law360: NY DFS Consent Order Offers Lessons on Transparency in Government Investigations

In a Law360 Expert Analysis, partners Sam Kleiner and Roberto Gonzalez discuss the recent New York Department of Financial Services' consent order imposing a $50 million penalty on Swedbank. The order underscores the NYDFS' emphasis on full transparency in an investigation and the risks that follow when a regulator believes it was misled. The authors highlight important considerations for financial institutions regulated by NY DFS, including the regulator’s global view of its information-gathering authority. 

Read the full article here.