New York governor considers Linda Lacewell as state’s financial regulator: WSJ

(Reuters) – New York Governor Andrew Cuomo is considering appointing Linda Lacewell, his chief of staff, as the state’s top financial-services regulator, the Wall Street Journal reported on Thursday, citing sources.

Lacewell has communicated to the Cuomo administration that she is ready for a new assignment and that her background as a federal prosecutor would make her a good fit for the agency, WSJ reported.

Cuomo has not made a final decision and the date of change is not yet clear, according to the report.

Governor Cuomo’s office did not immediately respond to Reuters request for comment.

Lacewell would potentially replace Maria Vullo, who has been the superintendent of the New York State Department of Financial Services since January 2016.

Vullo said last week that she had no plans to leave the agency and is “looking forward to continuing to serve the governor in this role in 2019”, the paper said.

The New York State Department of Financial Services did not immediately respond to a request for comment.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.