Matches in DBpedia 2014 for { ?s ?p Benjamin M. Lawsky (born April 14, 1970)[citation needed] is an American attorney and New York State's first Superintendent of Financial Services and former Acting Superintendent of Banks.The New York State Legislature unanimously confirmed Lawsky on May 24, 2011 as New York State's first Superintendent of Financial Services. From May 24, 2011 until October 3, 2011, Lawsky was appointed, and served as, Acting Superintendent of Banks for the former New York State Banking Department, in which position he led Governor Andrew M. Cuomo's initiative to consolidate the New York State Banking Department and New York State Insurance Department towards a new financial regulator called the Department of Financial Services (DFS).Lawsky is a graduate of Columbia Law School and Columbia College, and was previously Governor Andrew Cuomo's Chief of Staff. He has also been assistant U.S. Attorney in the Southern District of New York and a special assistant to then-Attorney General Andrew M. Cuomo. As Superintendent of Financial Services, he is paid an annual salary of $127,000.He investigated Standard Chartered Bank and accused the bank of conducting secret money laundering transactions with Iran, triggering a 23.5% drop in share price. On August 14, 2012, Standard Chartered Bank agreed to pay a fine of $340 million (£220 million) to the New York State Department of Financial Services, conceding that $14 million in financial transactions involving Iranian parties were in violation of U.S. banking laws. On June 18, 2013, the Department announced that Deloitte Financial Advisory Services LLP (“Deloitte FAS”) was fined $10 million and banned from advising banks in New York for one year after accusing the firm of watering down a report about money-laundering controls at Standard Chartered.On September 11, 2013, Lawsky's office announced that New York State would opt out of an agreement on new capital reserve standards for the life insurance industry. In a letter to other states' insurance regulators, Lawsky said that recent tests of insurance industry accounting practices had revealed "gamesmanship and abuses" regarding assessment of insurers' liquid reserves and leveraging practices.He is noted for targeting individuals within the financial sector who commit wrongdoing, and not merely handing out fines to the companies they work for, an approach he explains as follows: "Corporations are a legal fiction. You have to deter bad individual conduct within corporations. People who did the conduct are going to be held accountable.". }
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- Benjamin_Lawsky abstract "Benjamin M. Lawsky (born April 14, 1970)[citation needed] is an American attorney and New York State's first Superintendent of Financial Services and former Acting Superintendent of Banks.The New York State Legislature unanimously confirmed Lawsky on May 24, 2011 as New York State's first Superintendent of Financial Services. From May 24, 2011 until October 3, 2011, Lawsky was appointed, and served as, Acting Superintendent of Banks for the former New York State Banking Department, in which position he led Governor Andrew M. Cuomo's initiative to consolidate the New York State Banking Department and New York State Insurance Department towards a new financial regulator called the Department of Financial Services (DFS).Lawsky is a graduate of Columbia Law School and Columbia College, and was previously Governor Andrew Cuomo's Chief of Staff. He has also been assistant U.S. Attorney in the Southern District of New York and a special assistant to then-Attorney General Andrew M. Cuomo. As Superintendent of Financial Services, he is paid an annual salary of $127,000.He investigated Standard Chartered Bank and accused the bank of conducting secret money laundering transactions with Iran, triggering a 23.5% drop in share price. On August 14, 2012, Standard Chartered Bank agreed to pay a fine of $340 million (£220 million) to the New York State Department of Financial Services, conceding that $14 million in financial transactions involving Iranian parties were in violation of U.S. banking laws. On June 18, 2013, the Department announced that Deloitte Financial Advisory Services LLP (“Deloitte FAS”) was fined $10 million and banned from advising banks in New York for one year after accusing the firm of watering down a report about money-laundering controls at Standard Chartered.On September 11, 2013, Lawsky's office announced that New York State would opt out of an agreement on new capital reserve standards for the life insurance industry. In a letter to other states' insurance regulators, Lawsky said that recent tests of insurance industry accounting practices had revealed "gamesmanship and abuses" regarding assessment of insurers' liquid reserves and leveraging practices.He is noted for targeting individuals within the financial sector who commit wrongdoing, and not merely handing out fines to the companies they work for, an approach he explains as follows: "Corporations are a legal fiction. You have to deter bad individual conduct within corporations. People who did the conduct are going to be held accountable."".