John C. Dugan

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John Dugan
Occupation Comptroller Of The Currency

John C. Dugan is Comptroller of the Currency in the United States. He was sworn in as the 29th Comptroller of the Currency in August of 2005.[1]

In September 2007, Dugan was named chairman of the Joint Forum, which operates under the aegis of the Basel Committee on Banking Supervision, the International Organization of Securities Commissions, and the International Association of Insurance Supervisors. The Joint Forum includes senior financial sector regulators from the United States, Canada, Europe, Japan, and Australia, and deals with issues common to the banking, securities, and insurance industries, including supervision of conglomerates.

Dugan was seen as key to drafting major rescue plans in the wake of the 2008-2009 financial crisis, and played a crucial role in revamping the financial regulatory system.[2]

Background

Before his appointment as Comptroller, Dugan was a partner at the law firm of Covington & Burling, where he chaired the firm's financial institutions group and specialized in banking and financial institution regulation.

He served at the U.S. Department of the Treasury from 1989 to 1993 and was appointed assistant secretary for Domestic Finance in 1992. While at Treasury, Dugan had extensive responsibility for policy initiatives involving banks and financial institutions, including the savings and loan cleanup, Glass-Steagall and banking reform, and regulation of government-sponsored enterprises. In 1991, he oversaw a comprehensive study of the banking industry that formed the basis for the financial modernization legislation proposed by the administration of the first President Bush.

From 1985 to 1989, Dugan was Counsel and Minority General Counsel for the U.S. Senate Committee on Banking, Housing, and Urban Affairs. There he advised the committee as it considered the Competitive Equality Banking Act of 1987, the Proxmire Financial Modernization Act of 1988; and the Financial Institutions Reform, Recovery and Enforcement Act of 1989.

Education

A 1977 University of Michigan graduate with an A.B. in English literature, Dugan earned his J.D. from Harvard Law School in 1981.

References

  1. John C. Dugan Comptroller of the Currency. OCC.
  2. John C. Dugan. whorunsgov.