N.Y. Financial Services Law § 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.