The Clearing House Appoints Jeremy Newell as Managing Director and Senior Association General Counsel
FOR IMMEDIATE RELEASE
CONTACT:
Peter McKillop
Office: 212.613.9853
New York, NY – May 1, 2013 – The Clearing House Association announced today that Jeremy Newell is joining the organization as Managing Director and Senior Associate General Counsel to assist in the development of bank policy and regulatory strategy and advocacy, effective May 20, 2013. Mr. Newell joins TCH from WilmerHale where, as a counsel in the Regulatory and Government Affairs Department, he represented a wide range of U.S. and foreign financial institutions regarding regulatory matters. He also previously served as Counsel in the Legal Division and then Regulatory Policy Advisor in the Banking Supervision & Regulation Division to the Board of Governors of the Federal Reserve System, where he developed and implemented financial regulatory policy with a focus on issues affecting large complex financial institutions.
“Jeremy brings great firsthand bank regulatory experience and technical knowledge and has been involved in ongoing rulemakings on the most important regulatory and policy issues facing our Owner Banks and the industry,” said Paul Saltzman, President and General Counsel of The Clearing House Association. “He joins a very strong team of regulatory and policy experts at The Clearing House providing advocacy, thought leadership, and technical expertise on banking regulation and policy.”
At both WilmerHale and previously at the Fed, Mr. Newell focused on issues that included the Volcker Rule, derivatives, single counterparty credit limits and other enhanced prudential standards, Basel III liquidity standards, revisions to Section 23A of the Federal Reserve Act, financial sector concentration limits, swaps push-out requirements, and financial stability issues in regulation. While at the Fed, he represented the Board in international forums, interagency rulemaking negotiations, congressional staff meetings, and rulemaking and regulatory policy matters.
Mr. Newell will be based in Washington, D.C. and will report directly to Mr. Saltzman. He received his J.D. from Yale University where he was a senior editor of the Yale Law Journal. He was admitted to the bars of New York State and the District of Columbia, is a frequent speaker on financial regulatory reform, and is a faculty member of the Banking Law Fundamentals Program at the George Washington University Law Center for Law, Economics & Finance.
ABOUT THE CLEARING HOUSE
Established in 1853, The Clearing House is the oldest banking association and payments company in the United States. It is owned by the world’s largest commercial banks, which collectively employ more than two million people and hold more than half of all U.S. deposits. The Clearing House Association L.L.C. is a nonpartisan advocacy organization representing – through regulatory comment letters, amicus briefs, and white papers – the interests of its owner banks on a variety of systemically important banking issues. The Clearing House Payments Company L.L.C. provides payment, clearing, and settlement services to its member banks and other financial institutions, clearing almost $2 trillion daily and representing nearly half of the automated-clearing-house, funds-transfer, and check-image payments made in the U.S.
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