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What's Worrying New York's Banking Regulators? Plenty, Including CRE Loans

Regulator Adrienne Harris sees the need for more monitoring, faster examinations, and concern over CRE loans.

New York’s top financial regulator — Adrienne Harris, director of the state’s Department of Financial Services — has been vocal about a number of issues, including cryptocurrency regulation and better and faster bank oversight. And the state of CRE loans.

Harris stated in a recent Bloomberg TV interview that the “banking system is very stable” after the actions federal regulators took in March, closing several banks like Silicon Valley Bank and First Republic Bank in California and Signature Bank in New York.

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Erik Sherman

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