NYDFS launches exchange program with Bank of England on crypto expertise
The New York regulator’s Transatlantic Regulatory Exchange program would allow the NYDFS to exchange senior staff experienced in digital assets with those at the Bank of England.
New York Department of Financial Services (NYDFS) Superintendent Adrienne Harris announced an exchange program that will allow the regulator to learn more about how foreign agencies handle issues with emerging payments and digital assets.
In a Jan. 13 notice, Harris said the Transatlantic Regulatory Exchange (TRE) would begin with an exchange of senior staff experienced with digital assets between the NYDFS and Bank of England. According to the NYDFS superintendent, the program was “critical for regulatory harmonization.”
Exchange program announcement. Source: NYDFS
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Author: Turner Wright
