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March 27, 2015
WASHINGTON, DC, March 27, 2015 — Covington’s John Dugan won International Financial Law Review’s Contribution to Regulatory Reform Award for his “invaluable input into post-crisis reforms.”
“I want to thank IFLR for extending this award to me,” Mr. Dugan said during his acceptance speech at the IFLR Americas Awards Dinner on March 26 in New York City. “I know the people who have received it in past years, and it’s a great honor to be in their company.”
Mr. Dugan, chair of the firm’s financial institutions group, was the Comptroller of the Currency for the U.S. Department of the Treasury from 2005 - 2010. As comptroller, he steered the agency through one of the nation’s worst financial crises and ensuing recession that resulted in extraordinary regulatory and supervisory 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; and the successful implementation of regulatory “stress tests.”
“2015 marks my 30th year in the bank regulatory business,” Mr. Dugan said. “I’ve been involved in it from many different vantage points, and I can’t imagine a more interesting period to be doing the work I do.”