Biography

Michael H. Krimminger is Senior Counsel with Cleary Gottlieb Steen & Hamilton LLP. Prior to retiring in April 2020, Mr. Krimminger was a partner whose practice focused on U.S. and international banking and financial institutions.  He advised U.S. domestic and foreign banks, investment advisors, broker-dealers, financial market infrastructure companies on statutory and regulatory reforms in the United States and internationally.  Both in public service and now in private practice, Michael played key roles in the development of U.S. and international resiliency and resolution frameworks and strategies, including the Financial Stability Board’s Key Attributes for Effective Resolution Regimes and the Single Point of Entry strategy for international banks.  In addition, he had an active practice devoted to financial technology developments, including advising on virtual currencies, blockchain, stablecoins, and innovative platforms for the clearing and settlement of securities and other asset transactions. As a Senior Counsel, he continues to provide advice to clients on these issues, and writes extensively on related public policy issues.

Michael joined Cleary Gottlieb in 2012 after serving for more than two decades in numerous leadership positions with the Federal Deposit Insurance Corporation (FDIC), including as Deputy to the Chairman for Policy and General Counsel.  While in public service, he served as a U.S. representative to the FSB, the Basel Committee, and other multilateral organizations. During 2009-2010, he led the FDIC’s substantive discussions with other regulators and Congress on proposals that led to the adoption of the Dodd-Frank Act.