Douglas Landy


F +1 212.822.5234

New York

55 Hudson Yards

New York, NY US 10001-2163

T +1 212.530.5234

F +1 212.822.5234

Douglas Landy is a partner in the New York office of Milbank and a member of the firm’s Leveraged Finance Group.

Primary Focus & Experience

Mr. Landy is one the most experienced and sought after experts in US financial services regulation. He also leads Milbank’s FinTech practice. He began his career at the Federal Reserve Bank of New York.

Mr. Landy is noted for his deep experience in banking and securities laws, and is widely noted by his clients for his thorough and practical legal analysis. He represents many of the leading global banks and central counterparties (CCPs) in transactional and advisory matters. He is expert in the Volcker Rule, block chain and cryptocurrencies, capital requirements, bank insolvency, foreign banks in the US, and CCPs. He has represented banks in some of the largest M&A transactions in banking history, and in some of the most significant regulatory events of the last two decades. He was a key advisor to many significant banks, industry advocacy groups and CCPs during the last financial crisis and the subsequent regulatory reform period.

Mr. Landy is credited for coining the acronym “TOTUS” for the important Volcker Rule exclusion for trading outside of the United States.

Some examples of his experience include:

  • Citibank in its merger with Travelers, the largest financial services merger at the time
  • A US G-Sib in its analysis of integrating block chain technology into its trading platforms
  • The FIA and The Clearing House on CCP risk and capital matters and advocacy
  • Dozens of US and foreign banks in Volcker Rule advocacy, interpretation and compliance reviews
  • The largest bank credit default swap counterparty to AIG FP in the federal bailout and creation of Maiden Lane III
  • DTCC in many rule filings, applications for clearing membership, comment letters and corporate matters
  • A European government in a $30 million backstop of a troubled US subsidiary of a European bank; and a $57 billion “bad bank” of troubled assets for a separate European bank
  • Over $100 billion in Federal Reserve discount window pledges
  • Rabobank in the criminal plea of its US subsidiary bank

Recognition & Accomplishments

Consistently noted for his work, Mr. Landy has been ranked as a leading lawyer in financial services regulation by Chambers USA since 2007, and IFLR1000 recognizes him as a Highly Regarded Lawyer in the area of financial services regulation. He has also been ranked by Chambers Global and The International Who’s Who of Banking Lawyers. He was called a “star” in The Lawyer Magazine Transatlantic Elite, and is considered “one of the US’ leading banking and financial services regulatory lawyers” and he “represents many of the best-known global financial institutions in their US regulatory matters.”

Mr. Landy has published more than 75 scholarly pieces on banking and financial services topics, and is a featured speaker at industry conferences, including the IIB’s 2018 Annual Risk Management/Compliance Seminar panel on the “Key Developments in the Regulation of International Banks.” He is widely quoted on financial service topics in the New York Times, Wall Street Journal, Financial Times, Reuters, Bloomberg, The Times London and numerous others.


Additional Details
  • Boston College Law School, J.D.
  • University of Pennsylvania, B.A.
  • New York