S&C Client Memo on Volcker Rule Highlighted in The New York Times

October 21, 2011
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An October 21 The New York Times article titled, “Volcker Rule, Once Simple, Now Boggles” highlighted an October 12 S&C client memo on the Volcker Rule. The article focused on the lengthy and complicated proposed regulations for the Volcker Rule, and possible implications if the reform is passed in its current state. As the article noted, “Even the helpful summary prepared by Sullivan & Cromwell, a law firm that represents big banks and that has associates who no doubt wrote the summary over several all-nighters, runs a dense 41 pages.”