Gary Rice is Of Counsel in the Firm’s Corporate Department, focusing on the representation of banks and other financial institutions with particular emphasis on federal and state bank regulatory issues relating to depository institutions and their holding companies.  Mr. Rice has represented a broad range of clients in the banking, securities, insurance and other sectors with respect to mergers, securities offerings and other transactions involving U.S. and foreign banking organizations, as well as providing advice on regulatory compliance.  Over the past several years these engagements have included representation of U.S. and foreign banking organizations in connection with merger and acquisition transactions; and representation of private equity, pension and hedge fund and other investors in connection with investments in banking organizations, including investors in Doral Financial Corporation, investors in the FDIC-assisted acquisitions of IndyMac and BankUnited, and applications by other investor groups for “shelf charters” from the OCC and the OTS.

In addition, Mr. Rice regularly advises domestic and international clients of the Firm on a broad range of bank regulatory issues, including compliance with US banking restrictions by foreign banks, enforcement actions by federal and state banking agencies, bank insolvency law, affiliate transaction restrictions, margin regulations, commodity trading activities, capital regulations, and privacy laws. 

Mr. Rice has been recognized as one of the leading bank regulatory lawyers in the U.S., including in Chambers USA: America's Leading Lawyers for Business 2011 (Financial Services Regulation).  He is a frequent speaker and author on matters relating to financial services regulation.  Mr. Rice joined Simpson Thacher in 1985 and became a Partner in 1992.  He received his B.A., summa cum laude, in 1977 from Northeastern University and his J.D. from Harvard Law School in 1982.  Mr. Rice also served in the legal department of the Federal Reserve of New York from 1982 through 1985.

Honors/Associations

•	Foreign Banking Lawyers Association
•	American Bar Association, Business Law Section
•	Association of the Bar of the City of New York

Publications

•	Regulating Systemically Important Financial Companies
•	Financial Stability Oversight Council Releases Proposed Rules and Interpretive Guidance on Designations of Systemically Important Nonbank Financial Companies
•	Regulations Proposed to Implement the Volcker Rule
•	Federal Reserve Issues Regulations for Savings and Loan Holding Companies
•	Reflections on Dodd-Frank: A Look Back and a Look Forward
•	Federal Reserve Issues Final Rule Regulating Debit Interchange Fees and Network Exclusivity
•	U.S. Treasury Department Unveils New Reporting Requirement for Cross-Border Holdings of Foreign Securities and Issuances of U.S. Securities
•	Federal Reserve Proposes Changes to Regulation Z to Implement New “Ability-to-Repay” Requirement for Residential Mortgage Loans
•	U.S. Banking Regulators Order Changes to Policies and Practices of Major Mortgage Servicers
•	Securitization After Dodd-Frank: A Look at the Proposed Risk Retention Rules
•	U.S. Regulators Propose Rules on Incentive-Based Compensation Arrangements at Large Financial Institutions
•	Federal Reserve Issues Proposed Transition Rules for “Volcker Rule” Compliance
•	The Volcker Rule Provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act
•	U.S. Congress Nears Completion of Landmark Financial Services Reform Legislation
•	The Impact on Private Equity and Hedge Funds of the Financial Regulatory Reform Bills: A Legislative Update
•	FDIC Issues Guidance on Policy Statement for Investments in Failed Banks
•	FDIC Adopts Final Statement of Policy on Private Investor Purchases of Failed Banks
•	FDIC Proposed Policy Statement on Private Capital Investor Purchases of Failed Banks
•	Treasury Department Outlines Reforms to U.S. Financial Supervision and Regulation
•	United States Department of the Treasury Adopts Public-Private Investment Program
•	U.S. Treasury Department Unveils New Financial Stability Plan
•	Federal Banking Regulators Adopt Shelf Approval Process to Facilitate Bidding by Private Equity Funds on Failing and Failed Depository Institutions
•	Federal Deposit Insurance Corporation Adopts Temporary Liquidity Guarantee Program Final Rule
•	Federal Deposit Insurance Corporation Temporary Liquidity Guarantee Program
•	Federal Reserve Policy Statement on Equity Investments in Banks and Bank Holding Companies
•	Getting Ready for Basel II
•	Federal Reserve Issues Final Rules on Trust Preferred and Other Capital Instruments
•	Restrictions on Transactions Between Depository Institutions and Their Affiliates
•	Federal Deposit Insurance Reform, Banking and Financial Services Policy Report, June 2002
•	Anti-Money Laundering Regulations Issued Pursuant to the USA Patriot Act
•	Federal Deposit Insurance Reform
•	Developments in Electronic Commerce: OTS Developments
•	Analysis of Proposed and Interim Rules Relating to Financial Holding Companies
•	U.S. Banking Regulation and the Internet, The Review of Banking and Financial Services, March 2000
•	Federal Reserve and Comptroller Issue Regulations Pursuant to the Gramm-Leach-Bliley Act
•	The Gramm-Leach-Bliley Act
•	U.S. Banking Regulation and the Internet
•	Consolidation and Change in the Market for Custody Services, Practising Law Institute, December 1998
•	Federal Reserve Approves Merger of Travelers and Citicorp
•	Custody Services and Competition, The Review of Banking and Financial Services, July 1998
•	Travelers Group, Citicorp and the Federal Reserve, Butterworth Journal of International Banking and Financial Law, May 1998
•	Travelers Group, Citicorp and the Federal Reserve
•	Mergers and Acquisitions, 1998 Banking Yearbook
•	Comment: Sellers Remorse and OTC Derivatives, International Law Review, May 1995
•	US Court Rejects Federal Reserve Jurisdiction Claim (Co-Author) International Financial Law Review, July 1991
•	Route to U.S. Banking Revolution (Co-Author) Financial Times, May 23, 1991

Admissions

•	New York 1983

Education

•	Harvard Law School, 1982 J.D.
•	Northeastern University, 1977 B.A. summa cum laude