Recent activity at New York State Department of Financial Services
Meetings, budgets, and plans from this organization.
Jul 1, 2025·Strategic plan
United Nations Environment Programme Finance Initiative Guidance
This document provides practical guidance for banking professionals on implementing adaptation and resilience (A&R) initiatives. It structures advice around three interconnected cornerstones—Assessment, Strategy, and Action—designed to help banks qualify and quantify climate risk materiality, define their strategic approach, and translate that strategy into practice through client engagement, internal policies, and effective governance. The guidance aims to assist banks in strengthening their own resilience, supporting clients in becoming more resilient, and financing solutions that enable people, businesses, and nature to become more climate resilient.
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The State Charter Advisory Board meetings in 2024 covered various topics, including cybersecurity, virtual currency guidance for banks and fintech companies, operational stress testing, and liquidity contingency planning. Discussions also focused on the Department of Financial Services' (DFS) initiatives, such as data governance practices and efforts to make the state banking charter competitive. Emerging issues like AI risks and the use of AI in cyberattacks were also addressed. The board discussed the FedNow® service and its adoption among New York State-chartered banks, as well as AI cybersecurity guidance.
Jan 29, 2024·Board meeting
State Charter Advisory Board Meetings Report
The State Charter Advisory Board meetings in 2023 covered a range of topics including overdraft practices, the Department's examination process, and the attractiveness of the New York State charter. Discussions also focused on climate change risks, virtual currency-related activities, commercial real estate, and regulatory capital requirements. The board addressed cybersecurity regulations, banking climate guidance, and lending practices to multifamily residential buildings, aiming to balance consumer protection with the safety and competitiveness of New York-regulated institutions.
Jan 1, 2024·Strategic plan
Goldman Sachs Bank USA Strategic Plan 2024-2028
The Goldman Sachs Bank USA (GS Bank) Community Reinvestment Act (CRA) Strategic Plan for 2024-2028 outlines a comprehensive framework to meet the credit needs of low- and moderate-income (LMI) communities across the United States. The plan establishes measurable goals, including minimum commitments of $12.9 billion in community development lending and investments, $125 million in grants with a specific focus on initiatives like 10,000 Small Businesses and One Million Black Women, and 2,500 employee volunteer events for community development services. Key strategic priorities address increasing affordable housing supply, fostering economic opportunities for small businesses, providing support to community non-profit organizations, and delivering specialized training and technical assistance. The overarching vision is to maximize positive community impact by leveraging GS Bank's expertise and business model, informed by continuous community engagement and feedback.
