Welcome, Doug Landy

One of the things I love about building the Klaros team is the opportunities it brings to meet interesting and even iconic people in the banking and fintech world. Credited with coining the acronym “TOTUS” for the important Volcker Rule exclusion for trading outside of the United States, Doug Landy falls into the “iconic” category. I’m pleased to welcome him as our newest Klaros partner. 

​​He has represented nearly every significant U.S. or foreign bank on U.S. regulation and regularly appears in front of the Federal Reserve, OCC, FDIC, the NY DFS and other State regulators. He has chartered or licensed more than a dozen entities for banking in the U.S, and represented banks and investors in the regulatory aspects of over $200 billion of mergers and acquisitions.  He was a key advisor during the 2008-09 financial crisis and the Dodd-Frank adoption period, as well as the pandemic and crypto periods. As if that weren’t enough, Douglas written extensively on the regulation of stablecoins in the U.S.  and currently represents several bank and non-bank entities on stablecoin issues and tokenized financial products and services.  

Like many of us, Doug started out on the regulatory side, in his case as a staff attorney at the Federal Reserve Bank of  New York. He moved into private practice and there developed a reputation as an experienced and sought-after regulatory and fintech lawyer with expertise in diverse areas including the Volcker Rule, capital requirements, bank insolvency issues, foreign banking in the US, and payment/settlement and clearing issues, first at Milbank, where he led the firm's regulatory and fintech practices, and then at White & Case LLP. There, as partner and co-head of the Financial Institutions Industry Group and head of the U.S. financial services regulatory practice specializing in banking and securities law, he advised banks, nonbanks, exchanges, and clearinghouses on the integration of blockchain technology into existing financial services transactions and payments, and nonbanks on their options for becoming regulated banking entities, among other things. 

Doug’s experience obviously spans a wide range, but one of the things he’ll be focused on at Klaros is helping to expand our chartering practice to include new stable coin issuers now allowed by the GENIUS Act. If you’ve got a problem that might benefit from Doug’s expertise, you can find him at doug@klarosgroup.com.  And if you’ve got any other problem that you think Klaros might be able to help with, send a note to hello@klaros.com and we’ll plug you in with the right member of our stellar team.