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Banking Law Institute 2020

Speaker(s): Arthur W. Lindo, Asad I. Kudiya, Bao Nguyen, Beth Knickerbocker, Brian H. Montgomery, Derek M. Bush, Donna M. Murphy, H. Rodgin Cohen, Jai Massari, Jeffrey Siegel, Jennifer Burns, John Court, Jonathan Gould, Jonice Gray Tucker, Karen Solomon, Kelvin D. Chen, Laurie S. Schaffer, Malini Mithal, Mark B. Samburg, Mark E. Van Der Weide, Maryann H. Kennedy, Nicholas Podsiadly, Rae-Ann Miller, Reginald J. Brown, Stephanie E. Webster, Susanna M. Buergel
Recorded on: Nov. 10, 2020
PLI Program #: 279197

Karen Solomon joined Covington in 2018 after a career as a financial services regulator, having served most recently at the Office of the Comptroller of the Currency as its Acting Senior Deputy Comptroller and Chief Counsel.  She advises bank and fintech clients on a wide variety of bank policy, regulatory, and supervisory matters including legal and policy issues pertaining to bank-fintech partnerships and bank-permissible digital activities.  She also represents clients in matters before the federal banking agencies and advises clients on issues related to their regulation, examination, and supervision by these agencies.

Asad I. Kudiya is an Assistant General Counsel in the Banking Regulation and Policy Group of the Legal Division at the Board of Governors of the Federal Reserve System. His portfolio includes innovation policy matters, enhanced prudential standards, regulatory capital and stress testing, and climate-related financial risks. In 2020, he assisted with the establishment and operation of the Federal Reserve’s emergency lending facilities in response to the COVID-19 pandemic. He began his career in 2008 in private practice, and joined the Federal Reserve in 2016. He holds a B.S. in Economics from the University of Utah and a J.D. from the University of Pennsylvania Law School. 

Arthur Lindo (Art) is the Deputy Director for Policy in the Federal Reserve Board's Division of Supervision and Regulation.  His principal responsibilities include overseeing the development and assessment of the effectiveness of Board regulations and policies affecting the financial services sector and coordinating the Board’s domestic and international regulatory programs.  He also advises the Board on emerging policy matters that have implications for the supervision and regulation of the financial services sector.  He is an active participant in various committees in the Federal Reserve System and is the Chairman of the Appraisal Subcommittee of the Federal Financial Institutions Examination Council (FFIEC) and the Chairman of the Basel Committee’s Operational Resiliency Working Group. 

Art has a BA in Accounting from the Catholic University of America and a MBA in Finance from the George Washington University. 

Bao Nguyen is the Principal Deputy Chief Counsel at the Office of the Comptroller of the Currency (OCC).

In this capacity, Mr. Nguyen is also chief operating officer of the OCC’s Chief Counsel’s Office. In his role, Mr. Nguyen is responsible for the strategic planning for, and management of the operations of the office. He joined the OCC in this role in June 2018.

Mr. Nguyen served as Acting Senior Deputy Comptroller and Chief Counsel from August through December 2018. In 2019, he also served as Acting Chief of Staff and Special Advisor for the Federal Housing Finance Agency.

Mr. Nguyen joined the OCC from the Board of Governors of the Federal Reserve System where he served as Senior Counsel in the Legal Division. There, he was the lead attorney reviewing a number of significant banking mergers and acquisitions approved by the Federal Reserve and helped author regulations to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Mr. Nguyen also played an important role in the Federal Reserve’s resolution planning work.

Mr. Nguyen joined the OCC in 2018. He was detailed to the OCC from May 2017 through March 2018 as Special Counsel to the Comptroller of the Currency, and previously served as a Banking Fellow in the U.S. Senate on detail from the Federal Reserve.

He earned his bachelor’s degree in history education from North Carolina State University, with Phi Beta Kappa honors, and his law degree from the University of North Carolina at Chapel Hill, where he served as Executive Editor of the First Amendment Law Review.

Beth Knickerbocker is the Chief Innovation Officer at the Office of the Comptroller of the Currency (OCC).

In this role, Ms. Knickerbocker is responsible for managing the day-to-day operations of the Office of Innovation and implementing of the OCC's innovation framework. She served in an acting capacity in this role from October 2016 before officially taking on these duties in May 2017.

Prior to this role, Ms. Knickerbocker served on the OCC's legal staff since 2014 working on a variety of legislative and regulatory matters and working groups related to cybersecurity, financial technology and financial innovation.

Prior to her work at the OCC, Ms. Knickerbocker served as a Vice President and Senior Counsel in the American Bankers Association's (ABA) Office of Regulatory Policy from 2012 to 2014 and focused on implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, risk management, governance insider lending, transactions with affiliates, and bank examination issues. Before joining the ABA, Ms. Knickerbocker was the Chief Risk Officer for Marshall & Ilsley Corporation. She was also an attorney at the law firm Sutherland Asbill & Brennan LLP (now Eversheds Sutherland LLP). She began her career as an attorney with the OCC from 1992 to 2000, serving in the Enforcement and Compliance and Community and Consumer Law divisions.

Ms. Knickerbocker is a graduate of the University of Iowa College of Law, high distinction and earned a bachelor of arts in politics and international relations from Cornell College, magna cum laude, Phi Beta Kappa.

Brian Montgomery serves as Deputy Superintendent at the New York State Department of Financial Services. Mr. Montgomery leads the Department’s Consumer Examinations Unit and manages consumer compliance, fair lending, and Community Reinvestment Act examinations. He previously served as Supervising Counsel for Civil Investigations at the Department. In that role, he managed investigations and enforcement actions involving potential violations of state and federal consumer financial laws, including the New York Financial Services Law, Dodd-Frank, and fair lending laws. He was previously an Assistant Attorney General in the Bureau of Consumer Frauds and Protection at the New York State Office of the Attorney General.  Mr. Montgomery graduated from Colgate University in 1999 and cum laude from Lewis & Clark Law School in 2006.

Derek M. Bush’s practice focuses on advising domestic and international financial institutions and foreign sovereigns regarding U.S. bank regulatory matters and legislation. His advisory practice spans a wide range of matters, including new regulatory requirements imposed under the Dodd-Frank Act, restructurings, corporate governance and investments by and in banking organizations. Mr. Bush’s practice also includes representing financial institutions in connection with corporate transactions, including mergers and acquisitions, asset sales, privatizations, capital markets transactions, joint ventures and strategic alliances. He also advises financial institutions and their boards of directors, employees and shareholders in internal investigations and in enforcement proceedings involving the U.S. federal banking agencies. In his advisory, corporate and enforcement practices, Mr. Bush represents clients before the Federal Reserve Board, Federal Reserve Banks, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the New York Department of Financial Services. 

Mr. Bush is distinguished as one of the leading financial services regulation lawyers by Chambers Global, Chambers USA, The Legal 500 U.S., The Best Lawyers in America and IFLR 1000: The Guide to the World’s Leading Law Firms and recognized in Law Business Research’s The International Who’s Who of Banking Lawyers. In addition, Mr. Bush was selected as Best Lawyers’ 2014 Washington, D.C. Banking and Finance Lawyer of the Year and is listed as one of the Best Lawyers for financial services by Washingtonian magazine.

Mr. Bush is a frequent speaker on regulatory and corporate matters affecting banks and other financial institutions. His recent publications include “U.S. Regulation of International Activities of U.S. Banking Organizations” in Regulation of Foreign Banks (2012), “Resolution Planning and the Volcker Rule” in The Banker’s How to Run a Bank (2012) and ”FSOC Reproposes the Nonbank SIFI Designation Rule” in BNA’s Securities Regulation & Law Report (2011). Mr. Bush is a co-author of the Guide to Bank Underwriting, Dealing & Brokerage Activities (West, 18th ed., 2013).

Mr. Bush joined the firm in 1995 and became a partner in 2003. He received a J.D. degree, with honors, from the University of Chicago, where he was an editor of the Law Review. He received an undergraduate degree, cum laude, from Princeton University in 1989. From 1994 to 1995, Mr. Bush served as law clerk to the Honorable Emilio M. Garza of the U.S. Court of Appeals for the Fifth Circuit.

Mr. Bush is a member of the Bar in the District of Columbia. His native language is English, and he speaks Spanish and Swedish.

Donna M. Murphy is the Deputy Comptroller for Compliance Risk Policy at the Office of the Comptroller of the Currency (OCC).

In this role, Ms. Murphy oversees development of policy and examination procedures relating to consumer compliance, fair lending, Community Reinvestment Act (CRA), Bank Secrecy Act, and anti-money laundering issues. She serves as a key advisor to the Committee on Bank Supervision and to the Comptroller on compliance and CRA matters. She reports to the Senior Deputy Comptroller for Bank Supervision Policy. She took on this role in May 2016.

Prior to this role, Ms. Murphy served as the OCC’s Director of the Community and Consumer Law Division and oversaw the legal division that provided legal interpretations and advice to OCC policymakers, managers and examiners on consumer compliance and fair lending laws.

Prior to joining the OCC in March 2013, Ms. Murphy served in the Civil Rights Division of the U.S. Department of Justice for more than 20 years. From 2003 to 2013 she served as a Deputy Chief in the Housing and Civil Enforcement Section of the division, including several years as Principal Deputy Chief of that Section, and was responsible for supervising the division's fair lending enforcement program. Previously, she was Deputy Chief and Special Counsel for Police Matters in the division's Special Litigation Section. She also served as a Deputy Chief and trial attorney in the Voting Section of the division.

Before joining the Justice Department, Ms. Murphy served as a law clerk for the Honorable Myron H. Thompson, U.S. District Judge in Montgomery, Alabama.

Ms. Murphy received her law degree from Yale Law School, and is a summa cum laude graduate of the American University in Washington, D.C.

H. Rodgin Cohen is Senior Chair of Sullivan & Cromwell LLP, having served as Chairman from 2000 to 2009. The primary focus of Mr. Cohen’s practice is regulatory, enforcement, acquisition, cybersecurity and securities law matters for banking and other financial institutions and their trade associations, and corporate governance matters for a wide variety of organizations.

Mr. Cohen advises the financial services industry on the full range of regulatory, compliance and enforcement matters, including international capital and liquidity standards, and multiagency investigations relating to compliance with anti-money laundering and sanctions issues. He frequently works with all the bank regulatory agencies as well as multiple other governmental agencies. Mr. Cohen is also a frequent advisor on the rise of strategic and corporate governance activism and its impact on institutions.

Mr. Cohen has been recognized by organizations such as The American Lawyer, The Clearing House, and the Financial Times, and received Lifetime Achievement Awards from the New York Law Journal, Who’s Who Legal, Chambers, Legal500 and the M&A Advisor. Most recently, Mr. Cohen was the recipient of the Burton Awards inaugural Law Firm Leadership in Law Award. William Burton, founder and chair of the Burton Awards, said, “Rodgin Cohen is an icon in law and is known and respected widely. His qualities and attributes far exceed the highest standards which could ever be set for a law firm leader.”

Mr. Cohen is or has been a member of the FDIC Systemic Resolution Advisory Committee, the National Security Agency Cyber Awareness Panel, the Treasury Advisory Committee on the Auditing Profession and The New York State Commission to Modernize the Regulation of Financial Services. He is or has also been Vice Chairman, Economic Studies Council of Brookings Institution and a member of the Bipartisan Policy Center Financial Regulatory Reform Initiative, The Pew Financial Reform Project, the IIF Special Committee for a Strategic Dialogue for Effective Regulation and The Financial Services Roundtable’s Blue Ribbon Commission on Enhancing Competitiveness.

Jai Massari is a partner in Davis Polk's Financial Institutions Group and the trading and markets practice, based in the Washington DC office. She advises major global banks, asset managers, and corporations on the requirements, impact and implementation of financial regulation, including reforms, focusing on derivatives regulation and the Volcker Rule.

Ms. Massari also advises financial institutions and technology companies on regulatory considerations for digital asset and blockchain businesses and investments. She frequently works with individual firms and industry organizations in connection with advocacy efforts on legislative and regulatory proposals.

She graduated from Cornell University with a degree in Chemistry and earned her J.D. from Duke University School of Law, where she served as Executive Editor of Law & Contemporary Problems.

Jeffrey Siegel is the Head of Public and Regulatory Policy in the U.S. Regulatory Strategy and Policy team at BNP Paribas (BNPP) in New York. In that role he helps develop and coordinate BNPP’s strategic policy advocacy before the U.S. government.

Before joining BNPP, Jeffrey served for more than three years as a Senior Policy Analyst and Lead Negotiator for Financial Services in the Office of International Trade at the U.S. Department of the Treasury. In that role, Jeffrey represented the United States as the lead negotiator for the financial services chapters of U.S. trade agreements, including the Trade in Services Agreement (TiSA) and the U.S.-EU Transatlantic Trade and Investment Partnership (T-TIP). Jeffrey also served as the U.S. lead for the preliminary discussions with the UK about the financial services aspects of a possible U.S.-UK trade agreement, and provided guidance on how Treasury should address the financial services impact of Brexit. In addition, during his time at Treasury, he also helped develop a new approach to addressing data localization in financial services, which continues to serve as the foundation for U.S. policy on this issue.

Prior to joining Treasury, Jeffrey served for almost four years as Senior Counsel at the U.S. Senate Committee on Banking, Housing, and Urban Affairs where he advised Chairman Tim Johnson (Democrat-South Dakota) and coordinated committee legislative oversight strategy related to the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act – with a particular focus on the new derivatives regime and the Volcker Rule.  Before working at the Banking Committee staff, he served for two years as Legislative Director and Counsel for Congressman Michael E. McMahon (Democrat-New York) where he helped draft key provisions of the derivatives title of Dodd-Frank.   Before joining the Congressman’s office, Jeffrey worked for more than five years as a litigation associate at Willkie Farr & Gallagher LLP in New York.  

Jeffrey holds a JD from Cornell Law School, and a BA in Public Policy and International Affairs from Princeton University.

Jennifer J. Burns is a Deputy Director in the Division of Supervision & Regulation (S&R) at the Federal Reserve Board of Governors. She is responsible for oversight of the Federal Reserve’s supervisory programs and supervisory stress testing, specialty supervision and risk identification activities.

Jennifer began her career as an assistant examiner in the Bank Supervision and Regulation department at the Federal Reserve Bank of Richmond. After holding various roles within the department, including leading the Bank’s large bank supervision function, in 2010 Jennifer took the helm as Senior Vice President for the Supervision, Regulation and Credit division. She was promoted to Executive Vice President in 2015. In September 2017, Jennifer moved to the Board of Governors as Deputy Director with responsibility for overseeing the Federal Reserve’s supervisory program for systemically important financial institutions and supervisory stress testing activities. She assumed her current responsibilities in March 2019.

Jennifer holds a B.A. degree from Michigan State University and an M.B.A. from the University of Virginia, Darden School of Business. 

John Court is Senior Vice President & General Counsel at the Bank Policy Institute, which is a nonpartisan public policy, research and advocacy group representing the leading banks operating in the United States. At BPI, Mr. Court manages the Regulatory Affairs Department and is responsible for overseeing all of BPI’s legal and regulatory advocacy initiatives.  Previously, Mr. Court served as Managing Director and Deputy General Counsel for The Clearing House Association, a predecessor organization to BPI.  Prior to joining The Clearing House in 2012, Mr. Court spent 10 years in private practice advising clients on various financial regulatory and enforcement matters, most recently as a member of the Financial Institutions Regulatory and Enforcement group at Skadden, Arps, Slate, Meagher & Flom LLP. Mr. Court holds a B.A. from Cornell University and J.D. from George Washington University School of Law.  Since 2015, he has served as co-chair of the Legislation & Regulation Subcommittee of the American Bar Association’s Banking Law Committee.

Jonathan Gould is the Senior Deputy Comptroller and Chief Counsel at the Office of the Comptroller of the Currency (OCC).

In this capacity, Mr. Gould oversees all of the agency's legal and licensing activities, including legal advisory services to banks and examiners, enforcement, litigation, agency administrative matters, legislative initiatives, the chartering of new banks, and changes in structure and activities of existing banks. He serves on the OCC's Executive Committee and provides advice and counsel to the Comptroller of the Currency and senior OCC executives. He assumed this role in December 2018.

Prior to joining the OCC, Mr. Gould served as Chief Counsel of the U.S. Senate Committee on Banking, Housing, and Urban Affairs. He previously worked in the private sector at BlackRock and Promontory Financial Group, including serving as Promontory's Deputy General Counsel. In these roles, Mr. Gould provided financial services regulatory and policy expertise and counsel regarding domestic and international regulatory requirements, law, and reforms.

Mr. Gould also served on the Senate Banking Committee earlier in his career, acting as lead counsel for the enactment and implementation of the Financial Services Regulatory Relief Act of 2006 and the Federal Deposit Insurance Reform Act of 2005. He began his career at Alston & Bird LLP advising financial services companies on banking and corporate law, including bank regulation and mergers and acquisitions.

Mr. Gould holds a bachelor's degree from Princeton University and a law degree from Washington and Lee University.

Jonice Gray Tucker is a founding partner with Buckley LLP and a governing board member. Jonice specializes in work with banks, non-bank financial institutions, and other companies providing financial products and services. She works with some of the largest bank and non-bank financial institutions, emerging companies such as fintechs, and retailers whose business operations include consumer and commercial finance.

Jonice focuses a substantial portion of her practice on escalated supervision matters, investigations, and enforcement actions. She frequently serves as lead counsel in matters involving the DOJ, CFPB, HUD, FTC, and prudential banking regulators. She also represents clients in connection with matters involving state Attorneys General and other regulators such as the NYDFS, the California DBO, and state banking departments. In addition to her work before government regulators, Jonice counsels clients on compliance with laws governing financial services, conducts internal investigations, and represents clients in complex civil litigation.

Jonice is recognized in Chambers USA as a leading lawyer in the category of Consumer Finance (Enforcement and Investigations) and in Super Lawyers, Best Lawyers, and Legal 500. She has received Mortgage Women Magazine’s 2021 Mortgage Star Award, MCCA’s 2018 Rainmaker Award and twice has been recognized by Savoy as one of the nation’s Most Influential Black Lawyers. Jonice is the Immediate Past Chair of the American Bar Association’s Banking Law Committee.

Dedicated to serving the community, Jonice is the Secretary of the Board of Directors for the Legal Aid Society of DC, sits on the Board of Trustees for the Washington Lawyers’ Committee for Civil Rights and Urban Affairs, and is a member of the Advisory Board for the Ron Brown Scholars Program. Jonice attended Yale Law School. 

Kelvin Chen (Vice President, Sr. Assoc. Gen. Counsel) leads the Capital One Legal Department's Bank Regulatory and Policy team.

The team helps Capital One navigate and influence policy change; advises on the safety and soundness requirements impacting the enterprise; and provides legal advice to Capital One's Financial Institutions Group, Loss Mitigation, Enterprise Risk Management, Credit Review, and Audit teams. 

Prior to joining Capital One in late 2019, Kelvin created and led the Federal Reserve Board's Innovation Policy team in the Division of Supervision & Regulation. Before joining the Board, Kelvin served as the Consumer Financial Protection Bureau’s Program Manager for Emerging Payments. There, he led the agency’s policy response to various payment innovations, such as virtual currencies. In prior roles, Kelvin led the Bureau’s study of mandatory arbitration provisions; advised agency principals at the Federal Trade Commission on policy and enforcement matters; and was a litigator in the New York offices of Morrison & Foerster LLP and Cadwalader, Wickersham & Taft LLP.

Kelvin studied Systems Engineering and Mathematics at the University of Pennsylvania (’00); attended New York University School of Law (’04); and is affiliated with the Princeton Center for Information Technology Policy and the Digital Dollar Project.

Malini Mithal is the Associate Director of the Federal Trade Commission’s Division of Financial Practices. In this capacity, she supervises investigations and enforcement actions challenging unfair or deceptive practices in the provision of non-bank financial services, including in the areas of FinTech, lead generation, short-term loans, debt collection, student loan debt relief, mortgage relief, and automobile advertising and financing. Under her leadership, the Division has also engaged in significant policy initiatives, including hosting workshops or issuing reports on marketplace lending, blockchain, artificial intelligence, peer-to-peer payments, crowdfunding, lead generation, mobile payments, and mobile cramming.

Ms. Mithal has held numerous positions at the Commission, including Counsel to the Director of the Bureau of Consumer Protection. Prior to joining the FTC in 2005, Ms. Mithal served as a law clerk for the Honorable Alan S. Gold of the U.S. District Court for the Southern District of Florida. She received her law degree from Columbia Law School and her undergraduate degree from Georgetown University.

Mark B. Samburg serves as Chief of Staff of the Division of Supervision, Enforcement, and Fair Lending at the Consumer Financial Protection Bureau.  Mark joined the Bureau in 2014 and previously held positions in the Office of Enforcement and the Legal Division.  Before joining the Bureau, he was in private practice as outside counsel to state and local governments in affirmative consumer protection litigation.

Mark served as a law clerk to Judge Leonard I. Garth of the U.S. Court of Appeals for the Third Circuit and as a law clerk to Justices Lubbie Harper, Jr. and Joette Katz of the Connecticut Supreme Court.  He is a graduate of Brandeis University and Harvard Law School.

Mark E. Van Der Weide has been the General Counsel of the Board of Governors of the Federal Reserve System in Washington, D.C., since August 2017.

From 2010 until August 2017, Mr. Van Der Weide worked in the Division of Supervision and Regulation of the Federal Reserve Board.  In this capacity, he advised the Division Director and Board members on financial regulatory policy issues and helped coordinate the development of Federal Reserve positions on international and domestic regulatory policy.  Mr. Van Der Weide served as a member of the Basel Committee on Banking Supervision from 2015-17 and represented the Federal Reserve on the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation from 2010-17.

Mr. Van Der Weide was detailed to the U.S. Treasury Department during 2009-2010, where he provided assistance to the Administration in its efforts to design the financial reform legislation that ultimately became the Dodd-Frank Act.

From 1998 until 2009, Mr. Van Der Weide worked in the Legal Division of the Federal Reserve Board.  His primary responsibilities included drafting rules and interpretive guidance on prudential bank regulations and reviewing bank mergers and acquisitions proposals.  Mr. Van Der Weide also was involved in many of the Federal Reserve’s efforts to help ensure financial stability during the financial crisis of 2007-09.

Prior to joining the Federal Reserve Board in 1998, Mr. Van Der Weide worked as an associate in the Washington, D.C., office of Cleary, Gottlieb, Steen & Hamilton.  At Cleary, Mr. Van Der Weide drafted and negotiated documentation for securities offerings, structured finance transactions, joint ventures, and mergers and acquisitions.

Mr. Van Der Weide received a J.D. degree from Yale Law School in 1995 and a B.A. degree in history and philosophy from the University of Iowa in 1992.

Maryann H. Kennedy is the Senior Deputy Comptroller for Large Bank Supervision at the Office of the Comptroller of the Currency (OCC).

In this position, Ms. Kennedy will direct nearly 800 men and women who supervise the country's largest national banks and federal branches and agencies, which hold more than $10 trillion in total consolidated assets. She also serves as a member of the agency's Executive Committee. She assumed these duties in April 2019.

Prior to this assignment, Ms. Kennedy served as a Deputy Comptroller for Large Bank Supervision.

She joined the OCC in 1991 in the Philadelphia field office after eight years in the banking industry. She earned her commission as a National Bank Examiner in 1997. As a field examiner, she worked in community, midsize, and large banks and has held a variety of management roles during her career at the OCC. She became the Assistant Deputy Comptroller (ADC) for the Wilkes-Barre field office in May 2000 and assumed additional responsibility for the Washington, D.C., office in May 2005. As the ADC in these offices, she managed more than 35 examiners with responsibility for a portfolio of 33 diverse community banks. She also served as the Examiner-in-Charge (EIC) at JPMorgan Chase and previously served as EIC at TD Bank, N.A.

Ms. Kennedy is a graduate of the Ohio State University.

Nick Podsiadly was appointed General Counsel by the Board of Directors of the Federal Deposit Insurance Corporation on April 8, 2019. In this role, Nick manages the Legal Division of the Corporation representing the FDIC in matters before the courts, Congress, Executive Departments, and the White House, and oversees all legal matters affecting internal and external operations. He oversees FDIC attorneys across the country in support of the Corporation’s mission to maintain stability and public confidence in the nation’s financial system by insuring deposits, examining and supervising financial institutions for safety and soundness and consumer protection, making large and complex financial institutions resolvable, and managing receiverships.

Prior to joining the FDIC, he served as senior vice president and deputy general counsel for regulatory strategy and public policy at Fifth Third Bancorp. At Fifth Third, Nick oversaw Fifth Third’s regulatory, public policy, and government affairs initiatives, in addition to providing strategic guidance on banking policy and regulatory matters to senior executives. Nick worked closely with federal regulators, members of Congress and their staff, and industry trade associations to explain the impact of proposed legislation and regulations. He also oversaw a team of regulatory staff and attorneys responding to regulatory exams and managing regulatory change.

Before Fifth Third, Nick worked for Regions Financial Corporation as senior vice president for regulatory policy overseeing the bank’s regulatory portfolio in Washington D.C. While at Regions, Nick worked with staff from the FDIC, Federal Reserve, Consumer Financial Protection Bureau, and Office of the Comptroller of the Currency on emerging regulatory and legislative proposals.

Prior to joining Regions, Nick served as Vice President and Senior Counsel at the American Bankers Association, where he prepared draft legislation, amendments, and analysis of pending policy matters, and represented Association members before Congress and many federal agencies.

Prior to that, he spent nearly nine years working in the United States Senate for Senator Charles E. Grassley (R-IA) in several capacities. He first served as an Investigative Counsel on the Senate Committee on Finance overseeing various oversight matters including tax, healthcare, and federal regulations. He then served as the lead Counsel on the Senate Committee on the Judiciary in charge of national security, criminal law, constitutional law, and various civil litigation matters. While in the Senate, Nick also served as the Staff Director for the Senate Caucus on International Narcotics Control focusing on diplomatic and legal efforts to curb drug trafficking and money laundering.

Nick received a Bachelor of Arts from Iowa State University and received his Juris Doctor from Drake University.

Rae-Ann Miller was appointed Senior Deputy Director, Supervision and Policy, in November 2020, where she oversees the FDIC’s safety and soundness supervisory programs and policy development for community and large banks.  Previously, she served as the Associate Director of Risk Management Policy and managed sections responsible for safety and soundness policy development, accounting, and securities disclosure.

Ms. Miller began her career with the FDIC in 1989 as a safety and soundness examiner in New Jersey, and in 1994, was promoted to a trust specialist in Delaware.  She transferred to FDIC headquarters in Washington, D.C. in 1996 as Special Assistant to the Chief Operating Officer.  In 1998, she was promoted to Manager, Risk Management and Applications Branch and in 2000 to Assistant Director, Applications and Supervision Branch with responsibility for the Washington Office’s oversight of problem banks, enforcement actions, applications, large banks, and anti-fraud and anti-money laundering.

In 2002, Ms. Miller moved to the Division of Insurance and Research as Associate Director, Regional Operations.  In this capacity, she managed the FDIC’s regional and local banking and economic analysis and publication processes.  Ms. Miller left the workforce in 2004 to be a stay-at-home mother and returned to the FDIC in 2007 as Special Advisor to the Director, Division of Insurance and Research working primarily on issues related to systemic risk and affordable credit.

Reginald J. Brown is the chairman of the firm's Financial Institutions Group and also leads the firm's congressional investigations practice as vice chair of the firm's Crisis Management and Strategic Response Group. Mr. Brown has one of Washington DC's most vibrant and diverse governmental investigations practices, and regularly counsels financial institutions and other industry-leading clients facing complex and high stakes regulatory, enforcement and reputational matters. He joined the firm in 1997, and served as special assistant to the President and associate White House Counsel from 2003 to 2005.


Mr. Brown provides investigations-related guidance, strategic counsel and crisis management assistance to a broad range of companies and senior executives confronting challenges and opportunities at the intersection of government, law, media and public policy. He has assisted leading institutions and high-profile individual clients with more than a hundred congressional inquiries and crisis avoidance and mitigation matters. Mr. Brown also leads teams of lawyers responding to some of the most challenging Consumer Financial Protection Bureau (CFPB), Department of Justice (DOJ), State Attorneys General and other regulatory or enforcement matters for financial institutions. Many of his clients are among the world's most prominent banks, hedge funds, private equity and venture firms, energy companies, government contractors, healthcare institutions, and technology firms, as well as CEOs and high-ranking public officials. Mr. Brown has also assisted prospective and incumbent high-level public officials in connection with complex ethics agreements and governmental controversies.


Mr. Brown previously served in the White House Counsel's office, where he was the White House's principal legal liaison to the Departments of Treasury and Housing and Urban Development, as well as many independent financial services agencies. In this role, he provided counsel on a wide variety of issues. Mr. Brown also served as a counselor for the White House Office of Political Affairs, Presidential Personnel Office and the National Economic Council.

In 2011, Mr. Brown was appointed by the Governor of Virginia to serve as a four-year member of the Board of Visitors for George Mason University, where he served on the Board's Audit and Executive Committee. Mr. Brown is also a member of the Boards of the Foundation for Excellence in Education, the Property and Environment Research Center, and the American Council on Germany. Mr. Brown is also an active member of The Federalist Society. In 2011, Mr. Brown also co-chaired Harvard Law School's Celebration of Black Alumni reunion.

Prior to his government service, Mr. Brown served as assistant to the CEO and vice president of corporate strategy at Nationwide Mutual Insurance Company, and as the deputy general counsel to former Florida Governor Jeb Bush. Mr. Brown also served as a Peace Corps Volunteer in the Federated States of Micronesia early in his professional career. While working as an associate at WilmerHale in the 1990s, Mr. Brown served as co-counsel to victims of the Oklahoma City Bombing in connection with sentencing proceedings for Terry Nichols and Michael Fortier.

Stephanie E. Webster is General Counsel of the Institute of International Bankers.  Prior to joining the IIB, Stephanie was a Director and Counsel in the General Counsel division of Credit Suisse based in New York.  She was the head of the US Bank Regulatory & ERISA Legal group.  Ms. Webster joined Credit Suisse in January 2011.  Prior to that, she was an associate at the law firm of Linklaters in the financial regulations group, advising primarily on U.S. bank regulatory matters, and at the law firm of Goodwin Procter LLP in the financial services group.  Ms. Webster began her legal career at the law firm of Freshfields Bruckhaus Deringer LLP as an associate focused on international arbitration.  Ms. Webster received her J.D. from New York University School of Law and her B.A., with honors, from Brandeis University.  She is also an adjunct professor at Fordham University School of Law.

Susanna M. Buergel is a partner in the Litigation Department of Paul, Weiss, Rifkind, Wharton & Garrison LLP. Susanna serves as co-chair of the Securities Litigation and Enforcement Group. The Group has been named Securities Litigation Department of the Year by The American Lawyer, The New York Law Journal, Benchmark Litigation, Law360 and U.S. News and World Report. The American Lawyer called the practice “big, powerful and swaggering,” noting that “no other firm matched the number and magnitude of headline making securities litigation.” Susanna has extensive experience handling a broad range of matters, with particular emphasis defending financial institutions and corporations in complex securities and commercial matters in federal and state courts across the country. She also regularly represents clients, including financial institutions and other public companies, before the Securities and Exchange Commission, the Department of Justice and numerous other federal and state regulatory authorities. Susanna has been recognized by numerous publications and directories, including Law360, Chambers USA, The Legal 500 and Benchmark Litigation. In 2018, Law360 named Susanna a Banking MVP and in 2017 Benchmark Litigation listed Susanna as a Top 250 Women in Litigation.

Susanna served as articles editor of the Columbia Law Review and was a Harlan Fiske Stone Scholar. She is an adjunct lecturer in law at Columbia Law School and currently teaches a course in trial practice. Susanna was named a Law360 Banking MVP in 2018, and in 2010 she was selected to Law360’s list of 10 Securities Lawyers Under 50 to watch. Susanna was ranked by Chambers USA 2018 in the Litigation: Securities (NY) category and was named a “Litigation Star (US)” and “Local Litigation Star (NY)” by Benchmark Litigation. In 2018, she was also recognized by Lawdragon in its list of 31 “Legends” and she was included in its list of “500 Leading Lawyers.” Susanna was recommended by The Legal 500 US 2018 in the “Securities Litigation: Defense” category. She was also recognized in the 2019 edition of Best Lawyers for her work in commercial litigation. In 2017, she was named to Benchmark Litigation’s Top 250 Women in Litigation and in 2016, Susanna was recognized by Law360 as one of “The 25 Most Influential Women in Securities Law.”

Laurie Schaffer is the assistant general counsel for banking and finance at the Treasury Department. She was vice president and general counsel at Charles Schwab before joining Treasury in April 2008. She advises on Treasury's borrowing authorities, debt issuing activities, financial markets oversight, regulation of the government securities market, and issues affecting the financial services industry.