New York Extends Deadline to Respond to COVID-19 Financial Risk and Operational Preparedness Industry Letters

The New York Department of Financial Services (DFS) issued updated guidance regarding its industry letters to New York State regulated institutions requesting assurance relating to Financial Risk and Operational Preparedness during COVID-19.  Specifically, the updated guidance extends the deadline for regulated institutions to respond to the DFS’s industry letters to May 25, 2020.  WBK previously covered the DFS’s industry letters here.