Michael Wiseman Quoted in American Banker on Potential Regulatory Challenges of New Financial Reform LegislationJuly 22, 2010
Michael Wiseman was quoted in the article, “Now for the Hard Part: Writing All the Rules,” in the July 22 issue of American Banker. The article discussed the challenges regulators may face in implementing the new financial reform legislation. Mr. Wiseman noted that one critical challenge will be to interpret the statute to determine what kinds of investments are permissible under the Volcker Rule. "There are [a] number of very difficult interpretational issues in the statute that they are going to have to come to grips with - the Volcker Rule provisions dealing with funds are going to be quite complicated to figure out ... in general, as to what kinds of investments are covered and not covered," he said.