Kevin Petrasic is a banking partner in the Washington, DC office of White & Case LLP, and head of the Firm's Global Financial Institutions Advisory practice. He has extensive experience with bank regulatory, transactional, bank insolvency, compliance, supervisory, enforcement, legislative, and policy issues and matters. He advises domestic and international financial services firms, including commercial banks, investment banks, private equity and hedge funds, investment managers and advisers, retail securities firms, insurance companies and payment services firms on a wide array of issues under federal and state banking laws, as well as issues within the jurisdiction of the Consumer Financial Protection Bureau. His practice includes matters involving cybersecurity, virtual currencies and online banking, payment networks and advising on the regulatory risks arising from the development of innovative uses of financial technology (fintech) and related issues.
Kevin has extensive experience in Dodd-Frank compliance, bank/thrift and holding company regulation, credit card and consumer financial compliance laws, UDAAP issues, data privacy/protection and data breach issues, compliance laws impacting payments systems, mergers and acquisitions, anti-money laundering issues and OFAC compliance, depository institution charter powers and activities, cross border regulation of swaps and related derivatives activities, legislative matters and analysis, mortgage market regulation, and corporate governance.
In addition, he has broad government experience, including serving as Special Counsel, Managing Director of External Affairs, Director of Congressional Affairs, Legislative Counsel, and Assistant Chief Counsel at the US Treasury Department's Office of Thrift Supervision, as well as Counsel to the former US House Banking Committee. He worked extensively on the federal government's efforts to stem avoidable foreclosures and identify market-based solutions to the nation's housing crisis. He also has extensive experience preparing Congressional testimony and witnesses appearing before the US Congress.
Representations on several large US bank resolution plans and issues regarding Dodd-Frank Act enhanced prudential standards.
Representation of large international industrial conglomerate on potential OFAC sanctions risks arising from proposed acquisition.
Representation of several regional and community banks on implementation of the Basel III capital rules and worked with clients to issue comments on the interagency proposal to implement such rules.
Representation of a foreign subsidiary of a large US bank holding company on CFTC's cross-border application of Dodd-Frank swaps requirements.
Representation of a large international financial firm on application of US Bank Secrecy Act/Anti-Money Laundering laws and compliance with requirements of the Office of Foreign Assets Control.
Representation of several financial conglomerates on Federal Reserve Board anti-tying laws and requirements and affiliate transaction restrictions.
Representation of a large international insurance firm on federal and state issues related to implementation of an emergency loan program for its employees.
Representation of domestic and foreign banks, foreign funds and private equity firms on provisions and applicability of the Volcker Rule and related issues under the Dodd-Frank Act.
Representation of several regional bank clients on charter and restructuring considerations following the Dodd-Frank Act.
Representation of various nationwide payments networks and financial services firms on rules and guidance issued by the CFPB, including the agency's international remittance rule.
"Global Fintech Regulation: Why the U.S. Must Look Overseas to Avoid Falling Behind", April 30, 2018: American Conference Institute's Fintech and Emerging Payment Systems Conference
"OFAC Cyber-Related Sanctions Regulations: Opportunities and Legal Risks", April 22, 2016: The Knowledge Group
"Effective Data Security Management", March 22, 2016: The Knowledge Group
"Fintech Forum: The Convergence of Finance, Technology, and the Law", March 10, 2016: George Washington University Law School
"Managing Third Party Vendors and Outsourcing Risk", Feb. 23, 2016: White & Case Client Event
"OFAC Enforcement Actions on the Rise: Industry Developments and Effective Ways to Strengthen Your Compliance Programs", Feb. 9, 2016: The Knowledge Group
"Current Regulatory Issues in BSA/AML Compliance and Cybersecurity", Feb. 2, 2016: Risk Management Association
"Cybersecurity Risks and Responsibilities for Financial Institutions", Jan. 21, 2016: Greg Souther Bank Webinars
"Bank Affiliate Transactions: An Overview of Sections 23A and 23B of the Federal Reserve Act", Dec. 1, 2015: Lorman Education Services
Cybersecurity Risks and Responsibilities for Financial Institutions, Nov. 3, 2015: Risk Management Association
Derivatives Teach-In, Oct. 16, 2015: White & Case Client Event
CISA Guidance Clarifies How to Share Cyber Threat Information… but Issues Remain, White & Case publication, April 2016
Madden Update – Petition Request Bodes Well for High Court Review but Raises New Questions, White & Case publication, March 2016
Beyond Bitcoin: The Blockchain Revolution in Financial Services, White & Case publication, March 2016
Accountability on the Rise for Bank Officers – Implications of the NYDFS AML Personal Liability Proposal, The Banking Law Journal, March 2016
In the CFPB's Crosshairs… 2016 and Beyond, White & Case publication, Feb. 2016
Testing the Limits of Bank Officer Accountability – The NYDFS AML Personal Liability Proposal, White & Case publication, Jan. 2016
Expert Q&A on Applicability of the EU Bail-In Rules in the US, Practical Law Company – Practical Law Finance, Nov. 2015
Is Federal Preemption Poised Again for High Court Review?, The Banking Law Journal, Sept./Oct. 2015
New York Appellate Court Limits Application of "Separate Entity Rule" in Post-Judgment Discovery Context, White & Case publication, Aug. 2015
Madden v. Midland Funding, LLC: Potentially Far-Reaching Implications for Non-Bank Assignees of Bank-Originated Loans, Paul Hastings publication, June 11, 2015