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No one seems to want to be New York’s top banking regulator

October 28, 2015

Via: itCurated

The regime change at the New York Department of Financial Services is far from over.

Acting DFS superintendent Anthony Albanese is quitting, according to a report from The Wall Street Journal.

His departure comes as New York Governor Andrew Cuomo’s search to replace Benjamin Lawsky drags on. Lawsky quit earlier this year, relinquishing his role to Albanese temporarily.

The Journal report says Cuomo’s staff has sought to exert more control over DFS in the months since Lawsky departed. Albanese downplayed that speaking with the Journal, saying his role and tenure “was always intended to be a temporary position to help smooth the transition process.”