The Board of Governors of the Federal Reserve System enacted more severe restrictions on potential compensation that may be accepted by senior examiners after ceasing employment and expanding the definition of senior examiner. For example, under its new rules, any senior examiner may not accept any compensation for one year from a bank holding company or any depository institution controlled by the BHC for one year after leaving the Fed if during two or more months in the last 12 months at the Fed he/she was a senior examiner of the BHC. In addition, current Fed employees are barred for one year from discussing official business with former Fed officers. In November 2015, Rohit Bansal, a former employee of Goldman, Sachs & Co and the New York Federal Reserve Bank, and Jason Gross, a former employee of the New York Fed only, pleaded guilty to charges related to the unauthorized use of nonpublic confidential information by Mr. Bansal while employed by Goldman which he obtained from Mr. Gross. (Click here for details in the article, “Alleged Criminal Conduct Snares Multiple Ex-Financial Services and Regulator Defendants in New York in the November 8, 2015 edition of Bridging the Week.)