Michael H. Krimminger is a partner based in the Washington, D.C. office.
Mr. Krimminger’s practice focuses on domestic and international banking and financial institutions. In particular, he advises on the challenges and opportunities stemming from statutory and regulatory reforms in the United States and internationally, as well as a variety of restructuring and insolvency-related matters. He is recognized as one of the country’s leading financial services regulation lawyers by Chambers USA, The Legal 500 U.S., IFLR 1000: The Guide to the World’s Leading Law Firms and is listed as one of the Best Lawyers for financial services in the Washingtonian magazine.
Mr. Krimminger joined Cleary Gottlieb in 2012 after serving for more than two decades in numerous leadership positions with the Federal Deposit Insurance Corporation (FDIC), including most recently as its General Counsel. As General Counsel, Mr. Krimminger served as the principal legal and policy advisor to the Chairman and Board of Directors regarding the legislative development and later implementation of regulatory and policy components of the Dodd-Frank Act, including its SIFI resolution, living wills, capital markets and capital, and structured finance requirements. Mr. Krimminger also played a major role in the FDIC and U.S. efforts to enhance resolution planning and cross-border cooperation among G-20 countries. He was also responsible for all legal policy, litigation, corporate issues, and operations for the 730 attorney and non-attorney members of the Legal Division.
Prior to serving as General Counsel, Mr. Krimminger served as Special Advisor for Policy to the Chairman and Deputy to the Chairman for Policy. He played a central role in the FDIC’s response to the financial crisis and the development of Dodd-Frank Act provisions addressing capital markets, capital requirements, creation of the Financial Stability Oversight Council, living wills, enhanced prudential supervision, risk retention, resolution authority, and other provisions of the Act. He also directed the strategic development, analysis and implementation of initiatives on corporate legal policy, capital policy, systemic stabilization, SIFIs, domestic and international resolutions, mortgage policy and housing finance, and derivatives, securitization, and other structured finance transactions.
Mr. Krimminger’s international experience includes serving as the co-chair of the Basel Committee’s Cross Border Resolutions Group and representing the FDIC on the Financial Stability Board’s Resolution Steering Group and other bodies. He has played a central role in bilateral and multilateral discussions with regulators around the world on legal reform, resolution planning, capital and liquidity requirements, and strategies for implementation of financial market reforms for derivatives and other financial market contracts.
Mr. Krimminger received a J.D., with Distinction, from Duke University School of Law in 1982, where he served on the Editorial Board of the Duke Law Journal. He received an undergraduate degree, Phi Beta Kappa, from the University of North Carolina in 1979.
Mr. Krimminger is a member of the Bars in California, Virginia and Washington, D.C.
Honors and Distinctions
Chambers USA - Financial Services Regulation: Banking (Compliance).
The Legal 500 U.S. - Financial Services: Regulatory.
IFLR 1000: The Guide to the World’s Leading Law Firms - Financial Services Regulatory.