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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...

Banks and Nonbanks in Same Fields Should Be Regulated the Same
September 5, 2012 Financial institutions that do the same things should have the same oversight. Unfortunately, we're a long way from regulatory...

Reputational Risk Goes Well Beyond Bad Press
July 25, 2012 A regulatory settlement or a Senate hearing can remove a particular cloud enveloping an institution, but create deeper doubts...

Let Banks Err on Side of Caution to Prepare for Next Downturn
June 28, 2012 During the boom, accounting rules kept banks from building thicker buffers against losses. This left them in a weaker position...

What Does Facebook's IPO Have to Do with Stress Tests?
May 23, 2012 The role of technology has been a primary feature of recent financial gains and disruptions. As it grows we'll see increased...

U.S. Budget Issues Matter for Bankers
April 11, 2012 It may seem like an additional burden to devote much intellectual energy to the federal budget. But business leader engagement...

Regulators Need to See the Big Picture
March 13, 2012 Just as we manage risk within companies on an enterprise-wide level, we should be building a coherent regulatory framework in...

Good Regulators Make Mistakes, Hence Ombudsmen
February 15, 2012 Supervisors must reach out to bankers and encourage appeals where the bank and the agency's front line are at an impasse, and...

Next Round of Stress Tests May Be Destabilizing
January 26, 2012 Historically, regulators and bankers would have made a strong case that this kind of supervisory effort, however important,...

Five Ways to Avoid Disaster in the New Year
December 16, 2011 Banks that anticipate stress and build up financial cushions to deal with it will fare better than others. The game will not...

Respond to the Occupy Movement with Heightened Customer Care
November 15, 2011 There are many things that bankers can do to retake the high ground. A good place to start is focusing on the role of trusted...