New York Financial Regulator Wants to Lead on Crypto, Climate Change

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New York’s top financial regulator is looking to use the state’s role as a financial-services leader to help set the regulatory agenda nationwide

The Wall Street Journal spoke with Ms. Harris in her agency’s Wall Street office to find out what prompted her to take on this role and her priorities there. Edited excerpts follow.I’ve been doing a lot of work around financial technology because I felt like, in our response to the financial crisis, we were fixing a lot of stuff that needed to be fixed, but we were still very backward-looking—and you need to be forward-looking.

It’s not a secret about how long it takes us sometimes to license a company, or to approve a new product, but speed is not the right metric. It’s important that we’re operationally efficient and we’ve been doing a lot around process management and improvements.and all the money that people lost when these companies went under.

 

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