Our Website Uses Cookies
We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.
For more information, please contact us or consult our Privacy Notice.
Your binder contains too many pages, the maximum is 40.
We are unable to add this page to your binder, please try again later.
This page has been added to your binder.
- Home
- Practices and Industries
- Financial Services
Recognized as a preeminent practice by Chambers, Law360, Legal 500, Best Lawyers in America, and other publications, Covington’s financial institutions practice is widely recognized as one of the leading practices in the United States. For more than 50 years, Covington has advised financial services firms on all types of regulatory, enforcement, transactional, and consumer protection matters.
Covington represents a broad range of clients in the financial services industry, including depository institutions and their holding companies, securities firms, private equity firms, government-sponsored enterprises, investment banks, money service businesses, and major financial services trade associations, as well as clients in other industries affected by financial services laws and regulations.
We advise financial services clients on a wide range of legal and regulatory issues, including:
- Permissible structures and activities, branching, and regulatory conversions
- Regulation of foreign banking organizations
- Regulatory capital requirements
- Preemption counseling and litigation
- Anti-money laundering compliance
- Transactions with affiliates and insiders
- Recovery and resolution planning
- Compliance with the Volcker Rule restrictions on proprietary trading and investment fund affiliations
- Privacy and data security
- Electronic banking and commerce
We practice before the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Consumer Financial Protection Bureau, and state bank regulatory agencies, as well as the United States Departments of Justice, Treasury, and Homeland Security. In many instances, we have confronted long-standing obstacles facing the banking industry and have shaped novel solutions that have received regulatory approval. We frequently serve as a sounding board to financial institutions interested in developing new and innovative products.
We have been closely involved in all aspects of financial regulatory reform, leading to the enactment and ongoing implementation of the landmark Dodd-Frank Wall Street Reform and Consumer Protection Act. A multi-disciplinary group of Covington attorneys has been closely following the implementation process and advising clients on a multitude of legal issues and best practices arising from it.
January 2021
Recapture of Excess COVID-19 Payroll Tax Credits Addressed in New Regs As the legal, regulatory, and commercial implications of coronavirus COVID-19 continue to evolve, our lawyers and advisors are helping clients navigate the complex considerations that companies around the world are facing and develop plans and strategies in response. Reach out to our ...
UK Votes to Leave the EU
June 24, 2016, Covington Alert
The UK has voted to leave the European Union in an advisory referendum. 52% leave - 48% remain. Were the UK to leave the EU, this would have significant implications for the UK and for international businesses operating in the UK. The longer term impact of the decision on the regulatory framework for the UK will depend, in part, on the relationship that the UK ...
David Pinsky Named Law360 'Rising Star'
April 21, 2016
New York — Law360 has named Covington international arbitration partner David Pinsky a “Rising Star.” This annual recognition honors top attorneys under the age of 40 “whose legal accomplishments belie their age.” Law360 recognized how Mr. Pinsky, who leads Covington’s arbitration group’s Russia and Eurasia initiative, helped develop the firm’s Russia-focused ...
- Law360, Banking Group of the Year (2018)
- US News/Best Lawyers, Law Firm of the Year – Financial Services Regulation Law (2016)
- Chambers USA, Financial Services Regulation (2019)
- Banking (Compliance): Stuart Stock
- Banking (Enforcement & Investigations): D. Jean Veta
- Consumer Finance (Litigation): Eric Mogilnicki
- Financial Institutions M&A: Rusty Conner
- Chambers UK, Financial Services: Non-Contentious Regulatory (2015)
- Chambers Global, Banking and Finance: Regulatory (2020)
- Chambers USA, Securities: Regulation (2019)
- Advisory: David Martin
- Enforcement: Bruce Baird and David Kornblau
- Legal 500 US, Financial Services: Regulatory and Litigation (2017)

Looking for Blockchain Solutions?
No longer is blockchain technology reserved for tech specialists. Discover this capable tool recognized and largely embraced by the global community.
Use the Menu Below to Filter Matters and News
-
Corporate
-
Litigation and Investigations
-
Regulatory and Public Policy
By clicking on filters, the website automatically displays information related to specific interests.
Example: To find Covington’s representative matters, news, and insights related to product liability and mass tort defense class actions, take the following steps:
- Begin on the Product Liability and Mass Tort Defense practice page
- On the section labeled Use Menu Below to Filter Matters and Results, click the arrow next to Litigation and Investigations under the Practices heading
- On the expanded list, click on Class Actions
- Refreshed information will be displayed under the Representative Matters and News and Insights sections of the page
- To refine the information further, click on Life Sciences under the Industries heading