Recognized as a preeminent practice by Chambers, Legal 500, Best Lawyers in America, and other publications, Covington’s financial institutions practice is widely recognized as one of the leading practices in the United States. For more than 50 years, Covington has advised financial services firms on all types of regulatory, enforcement, transactional, and consumer protection matters.

Covington represents a broad range of clients in the financial services industry, including depository institutions and their holding companies, securities firms, private equity firms, government-sponsored enterprises, investment banks, money service businesses, and major financial services trade associations, as well as clients in other industries affected by financial services laws and regulations.

We advise financial services clients on a wide range of legal and regulatory issues, including:

  • Regulatory compliance, safety and soundness, and supervision
  • Consumer financial services laws and regulations
  • Enforcement actions and investigations
  • M&A and capital markets transactions

We regularly practice before all of the federal regulatory agencies impacting the financial services industry and among our over 1,000 lawyers we have over 100 lawyers with prior government experience, including the former Attorney General of the United States, the Comptroller of the Currency, and scores of other senior executive branch officials.  We also have a number of former members of Congress.

In many instances, we have confronted long-standing obstacles facing the banking industry and have shaped novel solutions that have received regulatory approval. We frequently serve as a sounding board to financial institutions interested in developing new and innovative products.