Covington Boosts Public Policy Practice with Sabine Lautenschläger
January 13, 2022
FRANKFURT—Sabine Lautenschläger has joined Covington’s Global Public Policy Practice in Frankfurt as Senior Advisor.
Sabine joins Covington after an extensive career in public service as an EU and German banking regulator. Most recently, Sabine served as Vice-Chair of the Single Supervisory Mechanism at the European Central Bank (ECB), as well as Member of the Executive Board of the ECB.
At the ECB, Sabine’s responsibilities included the set up and management of the euro area banking supervisor, which is in charge of direct prudential supervision of all significant banking groups as well as indirect prudential supervision of all of the other banking groups in the euro area.
Sabine’s previous roles include Deputy Governor of Deutsche Bundesbank and Member of the Executive Board and Chief Executive Director of Banking Supervision at the German Federal Financial Supervisory Authority (BaFin). During her terms as banking supervisor, she also served as member of different European and international committees, such as the European Banking Authority, the Basel Committee on Banking Supervision, and the Financial Stability Board.
“Sabine’s arrival is an incredible coup for our Public Policy team,” said Sebastian Vos, chair of Covington’s Global Public Policy Practice. “Her experience in dealing with the European institutions as well as regulators around the world will be a welcome addition to our existing capabilities in financial services that cover regulation, competition, state aid, compliance, and litigation.”
Bruce Bennett, co-chair of the firm’s Financial Services Group, added: “Covington’s global financial services team has long benefitted from expertise of former regulators and diplomats, who bring an unparalleled understanding of the markets and the complex regulatory environment in which we operate. We are thrilled to welcome Sabine, who will work alongside our public policy and financial services colleagues in Frankfurt, Brussels, London, and beyond.”
“The next decade is going to be marked by innovation, which will require an unprecedented level of adaptability from governments, regulators, and the financial services industry at large,” said Sabine. “The capacity of financial institutions to quickly adapt to new regulatory requirements will be critical for their success and the long-term viability of their business models, and I look forward to advising on this changing landscape.”
Sabine has a law degree from the University of Bonn.
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