David L. Portilla (Partner, Financial Institutions) advises non-U.S. and U.S. banking organizations and nonbank financial institutions on a range of M&A, regulation, policy, enforcement and governance matters – including the full gamut of the prudential regulatory framework. He has a notable reputation in enhanced prudential standards for large banks, the Volcker Rule, the prudential regulation of nonbank firms, and innovation-related and cryptoasset issues. He is well known for thought leadership and spearheading advocacy efforts for clients.
David served as a senior policy advisor to the Treasury Department’s Financial Stability Oversight Council at its launch following the 2010 Dodd-Frank Act. He helped develop the FSOC’s initial substantive agenda, procedures and governance, and worked on Dodd-Frank implementation and other financial regulatory issues.
His work has been recognized by Chambers, Legal 500, IFLR1000 and Law360, which named David a 2022 Fintech MVP. He co-chairs the ABA Banking Law Committee’s SIFI subcommittee.
- Chambers USA – Financial Services Regulation: Banking (Compliance)
- Legal 500 U.S. – Financial Services Regulation
- IFLR1000 – Banking and Financial Services Regulatory, United States, Rising Star
- National Law Journal – “Cryptocurrency/Blockchain/Fintech Trailblazer,” 2022
- Law360 – “Fintech MVP of the Year,” 2022
- Global Banking Regulation Review – “45 Under 45,” 2020