Nabil Ansari advises U.S. and non-U.S. financial institutions, asset managers, fintech companies, and other market participants on a broad range of banking regulatory, enforcement, transactional, and policy matters. He counsels clients on issues arising under key federal banking laws and regulations including the Dodd-Frank Act, the Bank Holding Company Act, the Bank Merger Act, the Change in Bank Control Act, the International Banking Act, the Federal Deposit Insurance Act, the National Bank Act, the Bank Secrecy Act, and the Bank Service Company Act. His practice includes advising on mergers and acquisitions, capital raising transactions, bank control and licensing matters, Volcker Rule compliance, anti-money laundering, corporate governance, cybersecurity, and FDIC resolution and receivership issues. Nabil also assists clients and industry trade associations with regulatory policy initiatives, legislative advocacy, and engagement with federal banking agencies and Congress.
Nabil has advised clients on digital asset regulatory frameworks, including matters involving the NYDFS BitLicense and digital asset governance, and has represented leading financial institutions, trade associations, and global investment firms on complex banking regulatory matters in this area.
Experience
Nabil’s current and recent representations include:
Regulatory Advisory
- Independent directors of First Republic Bank on legal, regulatory, and corporate governance matters leading up to the bank’s FDIC receivership and the acquisition of substantially all its assets and deposits by JPMorgan Chase.*
- American Bankers Association on a white paper proposing reforms to FDIC deposit insurance and broader financial stability frameworks.*
- A state-chartered special purpose bank in its application for a Federal Reserve master account.*
- A large banking organization in seeking reconsideration of its preliminary stress capital buffer requirement under the Federal Reserve Board’s capital plan rule.*
- A large banking organization in post-merger integration and addressing the treatment of inherited supervisory challenges and enforcement actions after closing.*
- Several fintech companies on chartering strategies, including national bank, OCC limited-purpose bank, and state industrial bank charters.*
- A large global bank and its asset management division in permissible deposit-taking activities in numerous jurisdictions outside the United States.*
Enforcement & Investigations
- TD Bank in a number of significant matters, including advising on regulatory issues relating to the bank’s AML compliance and matters involving the Federal Reserve and OCC, as part of the bank’s global resolution with the Department of Justice and federal banking agencies.*
- Office of the Comptroller of the Currency in connection with a major cybersecurity incident, including assessment and related remediation efforts.*
- A large foreign bank in a Federal Reserve enforcement action relating to BSA/AML compliance of the bank’s U.S. operations.*
- Several large banking organizations in enforcement actions and consent order remediation projects.*
M&A and Strategic Transactions
- Envestnet, Inc. in its definitive agreement pursuant to which Bain Capital will acquire all outstanding shares of common stock in an all-cash transaction valued at approximately $4.4 billion.*
- Lone View Capital in its acquisition of a majority stake in CargoSprint, a provider of innovative payments and workflow orchestration solutions for the cargo industry.*
- Lone View Capital and its portfolio company CargoSprint in its acquisition of Advent Intermodal Solutions LLC, the world’s largest port community platform.*
- MDI Keeper’s Fund in several non-controlling investments in banks.*
- A large banking organization in a merger of an operating subsidiary into its flagship national bank.*
*Experience prior to joining Ropes & Gray