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Covington & Burling LLP

Work +1 202 662 6000

John Dugan

Work +1 202 662 5051
Covington & Burling LLP

Work Department



Advises on legal matters affected by significantly increased regulatory requirements resulting from the financial crisis, including implementation of the Dodd-Frank Act; financial institution mergers, acquisitions, and investments; litigation and enforcement issues; international financial regulation; and legislative and government relations issues.


Chair, Financial Institutions Group at Covington & Burling LLP. From 2005-2010, U.S. Comptroller of the Currency; Director, Federal Deposit Insurance Corporation; Member, Basel Committee on Banking Supervision; Chair, Joint Forum of Banking, Securities, and Insurance Supervisors; and participant on Financial Stability Board. Directed OCC’s actions during financial crisis; actively participated in negotiation of Basel III agreement; and led agency efforts to help shape Dodd-Frank Act provisions on systemic risk regulation, federal preemption, new capital regulation, the Consumer Financial Protection Bureau, derivatives regulation, and the “Volcker Rule.” Previously, Partner, Covington & Burling (bank regulatory practice); Assistant Treasury Secretary for Domestic Finance; and Minority General Counsel, U.S. Senate Committee on Banking, Housing, and Urban Affairs.


DC Bar.


Harvard Law School, JD, 1981. University of Michigan, AB, 1977.

United States: Finance

Financial services regulation

Within: Leading lawyers

John Dugan - Covington & Burling LLP

Within: Financial services regulation

Led by former Comptroller of the Currency John Dugan, Covington & Burling LLP’s Washington DC-based team provides ‘pragmatic and insightful’ advice to clients on compliance issues related to the wave of regulations that have been ushered in since the credit crisis, as well as on the regulatory aspects of transactions within the industry. Dugan regularly counsels major trade associations on the implications of new legislation affecting the industry and is also adept at helping them respond to potential changes through comment letters; he recently advised the Futures Industry Association on the Basel Committee’s proposals regarding the treatment of segregated margin in leverage ratio calculations. Ed Yingling represents Wells Fargo across a broad range of legislative issues, including housing finance, the Dodd-Frank Act, and bank capital and liquidity requirements. Mark Plotkin and Michael Nonaka have significant fintech expertise and are representing American Express in various financial regulatory projects, including unclaimed property, financial privacy and consumer reporting. The team also includes the vastly experienced senior counsel Stuart Stock - who remains active across a range of strategic bank regulatory matters - in addition to Andrew Smith and Eric Mogilnicki, who co-head the consumer finance practice. Keith Noreika joined Simpson Thacher & Bartlett LLP in August 2016.

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