John C. Dugan co-chairs BPC’s Systemic Risk Task Force. He is a partner in Covington & Burling LLP’s Washington, D.C. office and chairs the firm’s financial institutions group.
He advises financial institution clients on a range of legal matters affected by significantly increased regulatory requirements resulting from the financial crisis, including implementation of the Dodd-Frank Act; mergers, acquisitions, and investments; litigation, enforcement, and investigations; and international financial regulation.
Formerly the comptroller of the currency from 2005 to 2010, Dugan headed the agency that supervises over 1,500 national banks and federal branches of foreign banks, and also served on the board of directors of the Federal Deposit Insurance Corporation.
During his five-year term, Dugan led the agency through the financial crisis and ensuing recession that resulted in extraordinary regulatory, supervisory, and legislative actions for national banks of all sizes, including government assistance provided under the Troubled Asset Relief Program; resolutions of large, mid-size, and community banks; the successful implementation of regulatory “stress tests”; and the enactment of the Dodd-Frank Act.
Earlier in his career, Dugan served as assistant secretary of the Treasury for domestic finance and minority general counsel to the Senate Committee on Banking, Housing and Urban Affairs.