Derek M. Bush is a partner based in the Washington, D.C. office.
Mr. Bush's practice focuses on advising domestic and international financial institutions and foreign sovereigns regarding U.S. bank regulatory matters and legislation. His advisory practice spans a wide range of matters, including new regulatory requirements imposed under the Dodd-Frank Act, restructurings, corporate governance and investments by and in banking organizations. Mr. Bush’s practice also includes representing financial institutions in connection with corporate transactions, including mergers and acquisitions, asset sales, privatizations, capital markets transactions, joint ventures and strategic alliances. Mr. Bush also advises financial institutions and their boards of directors, employees and shareholders in internal investigations and in enforcement proceedings involving the U.S. federal banking agencies. In his advisory, corporate and enforcement practices, Mr. Bush represents clients before the Federal Reserve Board, Federal Reserve Banks, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the New York Department of Financial Services. He is distinguished as one of the leading financial services regulation lawyers by Chambers USA and The Legal 500 U.S. and recognized in Law Business Research's The International Who's Who of Banking Lawyers.
Mr. Bush’s recent experience in regulatory matters and transactions includes acting as counsel to:
- Several U.S. and non-U.S. banks on preparation of resolution plans;
- The Institute of International Bankers regarding various matters related to U.S. regulatory reform as applied to internationally headquartered institutions;
- Major financial institutions, foreign sovereigns and U.S. and international trade associations in connection with the Dodd-Frank Act and related regulations, including the Volcker Rule and heightened prudential standards for SIFIs;
- U.S. and international banks in connection with regulatory investigations by the Federal Reserve, FinCEN, OFAC and bank regulatory authorities regarding compliance with anti-money laundering requirements and U.S. sanctions programs;
- Counsel to HCBF in connection with the conversion of its subsidiary, Harbor Community Bank, from a federal thrift charter to a state bank charter and in connection with its pending acquisition of Grand Bank branches;
- Counsel to BBVA Compass and other banks in connection with bids for and acquisitions of the operations of failed banks resolved by the FDIC;
- Counsel to Credit Agricole in connection with a minority investment by Citic Securities in Credit Agricole's securities subsidiary, CLSA; and
- Counsel to Credit Suisse in the bank regulatory aspects of its precedent-setting investment in York Capital Management, a preeminent global hedge fund manager, in a transaction designed to accommodate the new Volcker Rule requirements.
Mr. Bush is a frequent speaker on regulatory and corporate matters affecting banks and other financial institutions. His recent publications include "U.S. Regulation of International Activities of U.S. Banking Organizations" in Regulation of Foreign Banks
(2012), "Resolution Planning and the Volcker Rule" in The Banker
's How to Run a Bank
(2012) and "FSOC Reproposes the Nonbank SIFI Designation Rule” in BNA’s Securities Regulation & Law Report
(2011). Mr. Bush is a co-author of the Guide to Bank Underwriting, Dealing & Brokerage Activities (West, 17th ed., 2012).
Mr. Bush joined the firm in 1995 and became a partner in 2003. He received a J.D. degree, with honors, from the University of Chicago, where he was an editor of the Law Review
. He received an undergraduate degree, cum laude
, from Princeton University in 1989. From 1994 to 1995, Mr. Bush served as law clerk to the Honorable Emilio M. Garza of the U.S. Court of Appeals for the Fifth Circuit.
Mr. Bush is a member of the Bar in the District of Columbia. His native language is English, and he speaks Spanish and Swedish.
Events and Webinars
|May 2, 2013
||Atlantic Council Transatlantic Finance Initiative - Roundtable
|February 12, 2013
||Impact on U.S. Regulatory Reform on Global Banks: Key Perspectives on the Major Areas
|January 15, 2013
||Institute of International Bankers Dodd-Frank Seminar
|December 5, 2012
||PLI's Banking Law Insitute 2012
|November 27 - 28, 2012
||2012 Institute of International Bankers CSBS U.S. Regulatory/Compliance Orientation Program
|October 17 - 18, 2012
||2012 Annual Risk Management and Regulatory Examination/Compliance Issues Affecting International Banks Seminar
|May 17, 2012
||Clarifying the Volker Rule
|May 15, 2012
||2012 Annual Anti-Money Laundering Seminar
|September 29, 2010
||ALI-ABA Webinar - The Volcker Rule: Navigating Its Impact on Private Investment Funds and Financial Institution Sponsors
|July 28, 2009
||IIB/CSBS U.S. Regulatory/Compliance Orientation Program
|June 2, 2009
||IIB International Banking Anti-Money Laundering Seminar