A five-member committee within the New York Department of Financial Services has chosen Neil Barofsky, the former watchdog of the U.S. government’s bank bailout program, to monitor Credit Suisse Group AG’s compliance with a tax evasion settlement that it reached last month with federal and state authorities, The Wall Street Journal reports.
Barofsky—the former inspector general of the government’s Troubled Asset Relief Program, and now a partner at law firm Jenner & Block—was selected from a pool of around 15 candidates who applied for the position, a source familiar with the matter told The Wall Street Journal.
