2012 New York Consolidated Laws
FIS - Financial Services Law
Article 2 - (201 - 207) ORGANIZATION OF THE DEPARTMENT OF FINANCIAL SERVICES
201 - Declaration of policy.

 
    §  201. Declaration of policy. (a) It is the intent of the legislature
  that the superintendent shall supervise the business of, and the persons
  providing,  financial  products  and  services,  including  any  persons
  subject to the provisions of the insurance law and the banking law.
    (b)  The  superintendent shall take such actions as the superintendent
  believes necessary to:
    (1) foster the growth of the financial industry in New York  and  spur
  state  economic  development  through  judicious regulation and vigilant
  supervision;
    (2) ensure the  continued  solvency,  safety,  soundness  and  prudent
  conduct of the providers of financial products and services;
    (3)  ensure  fair,  timely  and equitable fulfillment of the financial
  obligations of such providers;
    (4) protect users of financial products and services from  financially
  impaired or insolvent providers of such services;
    (5)  encourage  high standards of honesty, transparency, fair business
  practices and public responsibility;
    (6) eliminate financial fraud,  other  criminal  abuse  and  unethical
  conduct in the industry; and
    (7)  educate  and protect users of financial products and services and
  ensure  that  users  are  provided  with   timely   and   understandable
  information  to  make responsible decisions about financial products and
  services.