Superintendent Adrienne Harris said DFS continues to review compensation of its regulators, as its staff is paid 30% to 50% less than federal counterparts.
June 01, 2023 at 02:48 PM
2 minute read
Litigation Reporter
New York’s top financial regulator tasked with overseeing the banking and insurance industries and their compliance with state laws continues to speak about the agency’s staffing shortages.
A spokesman for the Department of Financial Services said Thursday it presently has more than 1,200 employees, while the executive budget recommends a workforce of 1,391 fulltime equivalent workers.
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Adrienne Harris, superintendent of the New York Department of Financial Services, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Thursday, May 18, 2023. Photographer: Al Drago/Bloomberg
