May 14, 2018
Cadwalader today announced that Mark Chorazak has joined the firm’s Financial Services Group as a partner in New York.
Cadwalader’s bank regulatory practice advises financial institutions on their interactions with key regulatory agencies, including the Federal Reserve, the Comptroller of the Currency, the Treasury Department, the Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau.
Chorazak represents financial institutions on a wide range of bank regulatory, transactional and compliance matters. He regularly counsels banks, thrifts, investors and other financial services firms on strategic matters and compliance issues arising under the Bank Holding Company Act, the Dodd-Frank Act and other key U.S. banking laws. Among other areas, his practice encompasses Volcker Rule compliance, fintech and financial innovation issues, authority and control matters, anti-money laundering counseling, corporate governance and enforcement actions. In addition, he advises on capital and debt offerings, bank mergers and new charters, as well as on minority investments in bank and non-bank financial institutions by private equity firms.
Chorazak joins the firm from Simpson Thacher, where he was the lead regulatory counsel on some of the largest bank mergers since the financial crisis.
“Mark brings to us significant experience in financial regulatory issues impacting our banking clients today,” said Cadwalader managing partner Pat Quinn. “He will bring added depth and expertise to our excellent bank regulatory practice.”
Added Scott Cammarn, Cadwalader’s lead bank regulatory partner, “The U.S. and multinational regulation of banking organizations has never been so complex as it is today. Mark has been instrumental in helping his clients understand their requirements and opportunities, and we are delighted that he will be bringing these perspectives to Cadwalader.”
At Cadwalader, Chorazak will join a team that is highly sought-after for its experience in virtually all financial law-related statutory and regulatory requirements, including those governing bank holding companies, U.S. and foreign banks, broker-dealers, securities and futures exchanges, clearing corporations, investment advisers, and funds and pension plans. The team provides advice across the full range of transactions and compliance, including with respect to bank mergers and acquisitions, structuring of complex transactions, prime brokerage, clearing, financing, capital, fintech and marketplace lending, the Volcker Rule, sales and trading, compliance, examinations and enforcement.
Cadwalader’s Financial Regulatory group recently was awarded “Law Firm of the Year” by both IFLR and Risk Magazine, is highly ranked by Chambers, and has two partners named as “Lawyer of the Year” by Best Lawyers.
“Cadwalader has a market-leading reputation in helping clients understand the impact of financial regulatory changes here in the U.S. and in Europe,” Chorazak said. “I look forward to becoming part of this outstanding team and to continuing to provide exceptional counsel to my clients.”
Chorazak’s arrival is the latest in a series of important lateral partner additions at Cadwalader. In recent weeks, litigation partner Jonathan Watkins joined the firm, M&A partner Chris Cox returned to the firm after several years in a senior corporate role and real estate partner Alan Lawrence rejoined the firm from another major firm. Previously, partners Todd Blanche, Kyle DeYoung, and Ellen Holloman joined together to enhance the firm’s Litigation capabilities in New York and Washington, DC; partner Kurt Oosterhouse expanded the firm’s corporate finance practice with his arrival in Charlotte; partner Peter Morreale signed on to the firm’s Capital Markets practice in Washington, DC; and partner David Teigman became a member of the Executive Compensation & Employee Benefits practice in New York.
The Bank of England has initiated a review of its own exposure to LIBOR,
Scott Cammarn, Jonathan Watkins, Mark Chorazak, Aaron Lang
On 7 June 2019, Regulation (EU) 2019/876 (CRR II) was published in the Official Journal of the EU.