David Sahr advises domestic and foreign financial institutions on regulatory, enforcement and compliance matters, including with respect to the extraterritorial impact of US regulation. He represents banks and their affiliates before federal and state agencies, including the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission and the Commodity Futures Trading Commission.
David has worked closely with banks and trade associations on the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). He has drafted comment letters on new capital rules, the Volcker Rule and new derivatives regulations.
David is also advising several foreign and US banks on their implementation of the requirements of Dodd-Frank, including the extraterritorial impacts. For example, he has provided in depth advice with respect to the prohibition on proprietary trading and on sponsorship of and investment in covered funds by banking entities (the Volcker Rule) and the regulation of OTC derivatives. Chambers USA 2011 noted David’s work “advising a number of foreign lenders and other financial services entities on Dodd-Frank compliance, ” and according to Chambers USA 2012, “[h]e is widely admired by peers and clients alike, who highlight him as being ‘very responsive and extremely well informed.’”