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Special Counsel Gary DeWaal Quoted in Law360 About Swiss Franc Shock

Firm News | January 16, 2015

Gary DeWaal, special counsel in the Financial Services group, spoke to Law360 about US and European regulatory responses to the removal of a cap on the Swiss franc exchange rate against the euro. As several foreign exchange dealers were thrown into crisis by the Swiss franc shock, Gary told Law360, "In light of the capital crunch FXCM apparently suffered, regulators likely will be looking at the capital requirements and leverage practices of the industry to see if they need adjustment." ("Retail FX May Face New Rules, Inspection After Swiss Shock," January 16, 2015)

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