Cleary Gottlieb Steen & Hamilton counts some of the world's largest international investment banks as key clients, who the group advises on areas topics as the EGRPRA response on capital, stress-testing and 009 reporting. Based in Washington DC, Derek Bush provides advice across the full range of banking regulation, from advice on the Dodd-Frank Act and Volcker Rule, to regulation elements of restructurings and corporate governance. Bush leads the team alongside New York-based Hugh Conroy, who displays a strength in bank and bank holding company regulatory matters. The pair is supported by Lauren Semrad in Washington DC, whose knowledge of compliance with the SEC’s treasury clearing rules is a key pillar of the wider group's ability to advise clients looking to access advice on regulatory and enforcement actions by the SEC clearing rules. More widely, the group's regulatory expertise extends to compliance with banking acts such as the Federal Deposit Insurance Act, and the group's expertise in the SEC's reimagining of the market structure of the U.S. Treasury securities market continues is contingent upon its 'important relationships with senior FINRA/SEC regulators.' Jennifer Morton joined the team from A&O Shearman in May 2026.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'The attorneys in this practice have solid regulatory experience and have maintained important relationships with senior FINRA/SEC regulators, which enables them to better address potential various regulatory issues.'
  • 'Brant Brown's FINRA experience is invaluable, especially when endeavouring to comply with antiquated FINRA rule requirements for new products and order flows.'

Key clients

  • Institute of International Bankers (IIB)
  • ING
  • BNP Paribas
  • Citigroup
  • Rabobank
  • Deutsche Bank
  • Goldman Sachs
  • Standard Chartered
  • Stripe, Inc.
  • American Express
  • Banco Bilbao Vizcaya Argentaria S.A. (BBVA)
  • HSBC

Work highlights

Advised clients including DTCC on the SEC’s Treasury final clearing rules are a top priority for regulators and clients.
Advised BNP Paribas on its €5.1 billion acquisition of AXA Investment Managers.
Acted for the Institute of International Bankers (IIB), the U.S. trade association for non-U.S. banks, and their operations in the United States as the primary outside counsel.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Practice head

Derek Bush; Hugh Conroy

Other key lawyers

Brant Brown; Jennifer Morton