Milbank Financial Institutions Regulatory partner Douglas Landy and associate James Kong recently co-authored The Hill article "Volcker Rule a regulatory beast in need of taming." The article discusses the Volcker Rule and recent appeals from regulators and legislators to revise it. In the article, Mr. Landy and Mr. Kong state that, "In the short term, any changes will likely have the effect of increasing compliance burdens rather than reducing them; and banks' internal policies and procedures will have to be rewritten in response to any potential reforms."
