Midweek Roundup: NY Superintendent Lawsky to Resign, U.S. Voids Non-Prosecution Agreement with UBS AG, and More

New York State's top financial regulator, Benjamin Lawsky, is expected to step down this week to start his own legal and consulting firm, The New York Times reported, citing unnamed sources. As the first head of the state's Department of Financial Services, Lawsky has garnered a reputation as a tough regulator of Wall Street firms. More On Wednesday, U.S. officials for the first time abrogated a non-prosecution agreement in order to penalize UBS AG for rigging forex rates, and are considering voiding a similar agreement with HSBC, the Financial Times reported. HSBC signed a deferred prosecution agreement with the United...