Former SEC Chair Jay Clayton, a Senior Policy Advisor and Of Counsel at Sullivan & Cromwell, co-authored an op-ed with former director of the National Economic Council Gary Cohn cautioning that any new banking regulations designed to protect smaller banks must take into account that a reduction in available credit could harm economic growth and consumer welfare.
Read the op-ed in the New York Times: Stop the Partisan Bickering. We Need Smart Solutions to Save Our Banking System