Eugene A. Ludwig

Founder & CEO

Eugene A. Ludwig is founder and chief executive officer of Promontory Financial Group, LLC. The firm has offices worldwide, and is actively engaged in advisory projects on six continents. He has counseled industry leaders and government officials of both parties through every phase of the recent financial crisis.
Before founding Promontory, he was vice chairman of Bankers Trust / Deutsche Bank. From 1993 to 1998, he headed the U.S. Office of the Comptroller of the Currency. Prior to becoming Comptroller he was a partner at the law firm of Covington & Burling. He has also served as the chairman of the Federal Financial Institutions Examination Council, member of the Basel Committee on International Bank Supervision, director of the Federal Deposit Insurance Corporation and chairman of the Neighborhood Reinvestment Corporation.
He graduated from Yale University with a J.D. 1973. He received a Masters as a Keasbey Fellow from Oxford University in 1970 and graduated magna cum laude from Haverford College in 1968.

Recent Stories From this Author

Swipe Fee Ruling an Opportunity to Properly Test Durbin
October 4, 2013 The Debit Interchange Fee Study Act called for a six-month regulatory study on the cost of the rules and their impact on...

How Regulation Can Save Financial Innovation
August 27, 2013 History tells us that post-crisis reforms should increase confidence, but still allow regulated entities to innovate and...

Big Changes Loom for Bank Boards
August 1, 2013 Thanks to enhanced regulatory expectations, directors and managers have more new responsibilities than they might realize.

Banks Should Heed Bernanke's Warning on Interest Rate Risk
June 7, 2013 Rising rates can expose lurking dangers across the industry.

Lessons from Yunus – Finance as a Force for Good
May 6, 2013 When experiments in lending are properly organized and priced, they can be successful for borrowers and lenders of all income...

Regulators Make Right Call on CRA Revisions
March 27, 2013 New Community Reinvestment Act guidelines will reduce paperwork burdens, open up new areas for assistance and make clear that...

How Banks Can Make the Best of a Bad Situation
March 1, 2013 Bankers must concentrate on achieving greater efficiencies, stop focusing on short-term goals and strike the right balance...

High-Stakes Policy Decisions Loom in 2013
January 31, 2013 The biggest expansion of the banking rulebook is still on the horizon. The changes could lead to an overhaul of banking...

Global Rules Are the Wrong Fit for Small-Town Banks
November 8, 2012 Capital is important, but ample loan-loss reserves, governed by stringent supervision, are a much more direct, responsive way...

Why Prudent Reserving Resonates with Bankers
October 2, 2012 The notion of decreasing the degree to which a banker can use his or her judgment to add to the ALLL not only throws the baby...

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